Frank Knight
Frank Knight
Frank Hyneman Knightwas 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. Nobel laureates Milton Friedman, George Stigler and James M. Buchanan were all students of Knight at Chicago. Ronald Coase said that Knight, without teaching him, was a major influence on his thinking...
NationalityAmerican
ProfessionEconomist
Date of Birth7 November 1885
CountryUnited States of America
party mean names
Large scale collective bargaining . . . is merely a seductive name for bilateral monopoly, and means either adjudication of conflicts in terms of power, or deadlock and stoppage, usually injuring outside people more than the immediate parties to the dispute.
economics made being-true
There is no sense in making statements that will not continue to be true after they are made.
organization competition individuality
Market competition is the only form of organization which can afford a large measure of freedom to the individual.
running giving long
In the long run all producers are forced to use the most efficient methods or give place to others who do.
truth essentials problem
The truth seems . . . to be that in the ultimate and essential problem the economic factor is relatively superficial and unimportant.
sleep time-management waste
Never waste any time you can spend sleeping.