“In the long run all producers are forced to use the most efficient methods or give place to others who do.”
Quote by Frank Knight
Work
The Ethics of Competition
This book delves into the ethical dimensions of competition, examining its role in society, business, and personal life. It investigates the moral dilemmas that arise from competitive interactions and offers insights into the principles that govern fair and ethical competition. more
Author
Frank Knight
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. more
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Source: The Ethics of Competition
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