Frank Knight Quotes

• One man with God is always a majority.

  Frank Knight

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• If there be not in her, a proud mind, a crafty wit, and an indurate heart against God and his truth, my judgment faileth me.

  Frank Knight

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• To promote a woman to bear rule, superiority, dominion, or empire above any realm, nation, or city, is repugnant to nature, contumely to God, a thing most contrarious to his revealed will and approved ordinance; and, finally, it is the subversion of good order, of all equity and justice.

  Frank Knight

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• I have been increasingly 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 laughter when they met on the street.

  Frank Knight

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• Sociology is the science of talk, and there is only one law in sociology. Bad talk drives out good.

  Frank Knight

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• Costs merely register competing attractions.

  Frank Knight

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• All science is static in the sense that it describes the unchanging aspects of things.

  Frank Knight

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  Tags in Things, Science

• In the long run all producers are forced to use the most efficient methods or give place to others who do.

  Frank Knight

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  Tags in Efficient, Forced

• 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.

  Frank Knight

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  Tags in Response, Differences, Movement

• It is true practically if not altogether without exception that the changes studied by any science tend to equilibrate or neutralize the forces which bring them about, and finally to come to rest.

  Frank Knight

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  Tags in Exception, Change

• The possibility of saying anything about a thing rests on the assumption that it preserves its identity, or continues to be the same thing in the respect described, that it will behave in future situations as it has in past.

  Frank Knight

  Topics in Future, Respect

  Tags in Possibility, Situations

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

  Frank Knight

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  Tags in Making, Continue, True

• We have to adapt and overcome, that’s all we can do.

  Frank Knight

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  Tags in Adapt, Overcome

Frank Knight (13)

Birth:	7th November, 1885
Death:	15th April, 1972
Nationality:	American
Profession:	Economist

About

Frank Hyneman Knight was born in McLean County, Illinois, USA. He was 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. He earned a B.A. degree from Milligan College, in 1911. He earned a B.S. degree from University of Tennessee, in 1913. He earned a Ph.D. degree from Cornell University, in 1916. He was one of the world's leading economists, having made significant contributions to many problems of both economic theory and social philosophy. He is best known for his Risk Uncertainty and Profit, a monumental study of the role of the entrepreneur in economic life.

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