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Frank Knight Quotes

Economist

Frank Knight was an American economist born on November 7, 1885, and died on April 15, 1972. He is renowned for his contributions to the theory of risk and uncertainty in economics.

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All Economics Economic Assumption Conflict Exercise Ifs Individual Jobs Made Mean People Philosophy Political Position Problem Situation Unimportant Absence Absolutes Amount

Famous Frank Knight Quotes

“I have been....moved to wonder whether my job is a job or a racket, whether economists, and particularly economic theorists, may not be in the position that Cicero, citing Cato, ascribed to the augurs of Rome-that they should cover their faces or burst into laugher when they met on the street.”

Should May Has Beens Jobs Faces Wonder Economic Streets Position Mets Moved Rome Economist Theorists Racket Citing Cato

Author:Frank Knight

“If all properly economic problems were solved once for all . . . the social struggle and strife would . . . [not necessarily] be reduced in amount or intensity . . . in the absence of some moral revolution which could by no means be assumed to follow in consequence of this change itself.”

Ifs Mean Problem Social Moral Struggle Economic Revolution Amount Consequence Absence Assumption Intensity Strife Life Struggle Economic Problems

Book:Freedom and reform: essays in economics and social philosophy

Source: Freedom and reform: essays in economics and social philosophy

“The truth seems . . . to be that in the ultimate and essential problem the economic factor is relatively superficial and unimportant.”

Problem Seems Truth Economic Essentials Ultimate Factors Superficial Unimportant

Book:Selected Essays by Frank H. Knight, Volume 2: Laissez Faire: Pro and Con

Source: Selected Essays by Frank H. Knight, Volume 2: Laissez Faire: Pro and Con

“Conflicting economic interest is relatively unimportant as a cause of war.”

War Causes Interest Economic Conflict Unimportant Causes Of War

Book:Selected Essays by Frank H. Knight, Volume 2: Laissez Faire: Pro and Con

Source: Selected Essays by Frank H. Knight, Volume 2: Laissez Faire: Pro and Con

About the Author

Born: November 7, 1885
Died: April 15, 1972
Known for: Economist
Quotes: 21

Books & Sources

The Ethics of CompetitionRelated source material

Risk, Uncertainty and ProfitRelated source material

Selected Essays by Frank H. Knight, Volume 2: Laissez Faire: Pro and ConRelated source material

Freedom and reform: essays in economics and social philosophyRelated source material

Selected Essays by Frank H. Knight, Volume 1:Related source material

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