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Frank Knight Quotes

1885–1972 United States

Frank Hyneman Knight (November 7, 1885 – April 15, 1972) was an American economist, who spent most of his career at the University of Chicago, where he became one of the founders of the Chicago school of economics.

United States
Economists

Also known as: Frank H. Knight, Frank Hyneman Knight

Random Frank Knight quote

4 quotes

Economics and ethics naturally come into rather intimate relations with each other since both recognizedly deal with the problem of value.

Most striking feature... is the author’s failure to understand the elementary mechanics of the competitive economic organization.

A civilization which is dominated by this matter-of-fact insight must prevail against any cultural scheme that lacks this element. This characteristic of western civilization comes to a head in modern science, and finds its highest material expression in the technology of the machine industry.

Of the American institutionalists, his most generous comments concerned Commons’s work, work that he regarded as hopelessly unsystematic but highly ‘suggestive and valuable’

Attribution

Quotes and notes from Wikiquote: Frank Knight (page history), available under CC BY-SA 4.0.