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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

“Knowledge is more a matter of learning than of the exercise of absolute judgment. Learning requires time, and in time the situation dealt with, as well as the learner, undergoes change.”

Wells Matter Education Situation Knowledge Learning Exercise Judgment Economics Absolutes Learners

Book:Risk, Uncertainty and Profit

Source: Risk, Uncertainty and Profit

“...even professors of economics, to say nothing of the public, do not generally have scientific minds.”

Mind Economics Professors

Book:Risk, Uncertainty and Profit

Source: Risk, Uncertainty and Profit

“Always history is being made; opinions attitudes and institutions change, and there is evolution in the nature of capitalism”

Made Attitude Opinion Evolution Capitalism Economics Institutions

Book:Selected Essays by Frank H. Knight, Volume 1:

Source: Selected Essays by Frank H. Knight, Volume 1:

“Goods move in response to price differences from points of low to points of higher price, the movement tending to obliterate the price difference and come to rest.”

Philosophy Moving Political Differences Movement Higher Lows Economics Response Goods Genocide

Book:The Ethics of Competition

Source: The Ethics of Competition

“There is no sense in making statements that will not continue to be true after they are made.”

Made Philosophy Political Economics Statements Being True

Book:The Ethics of Competition

Source: The Ethics of Competition

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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