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

In this second volume of his selected essays, Frank H. Knight delves into the economic concept of laissez-faire, examining its principles and the contrasting viewpoints regarding its application. The essays provide a comprehensive analysis of the economic theory, offering insights into its proponents' arguments and the counterarguments against it. more

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Frank Knight
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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“You'll come back, because yours is an error of knowledge, not a moral failure, not an act of surrender to evil, but only the last act of being victim to your own virtue. We'll wait for you and when you come back, you will have discovered that there need never be any conflict among your desires, nor so tragic a clash of values as the one you've borne so well.”

“They have given their sons to the military services. They have stoked the furnaces and hurried the factory wheels. They have made the planes and welded the tanks. Riveted the ships and rolled the shells.”