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. — Frank Knight Copy Share Image
The probability of the people in power being individuals who would dislike the possession and exercise of power is on a level with the probability that an extremely tender-hearted person would get the job of whipping-master in a slave plantation. — Frank Knight Copy Share Image
The possibility of saying anything about a thing rests on the assumption that it preserves its identity, or continues to be the same thing… — Frank Knight Copy Share Image
The truth seems . . . to be that in the ultimate and essential problem the economic factor is relatively superficial and unimportant. — Frank Knight Copy Share Image
...even professors of economics, to say nothing of the public, do not generally have scientific minds. — Frank Knight Copy Share Image
Market competition is the only form of organization which can afford a large measure of freedom to the individual. — Frank Knight Copy Share Image
All science is static in the sense that it describes the unchanging aspects of things. — Frank Knight Copy Share Image
In the long run all producers are forced to use the most efficient methods or give place to others who do. — Frank Knight Copy Share Image
It is true practically if not altogether without exception that the changes studied by any science tend to equilibrate or neutralize the forces which… — Frank Knight Copy Share Image
Always history is being made; opinions attitudes and institutions change, and there is evolution in the nature of capitalism — Frank Knight Copy Share Image
I have been....moved to wonder whether my job is a job or a racket, whether economists, and particularly economic theorists, may not be in… — Frank Knight Copy Share Image
There is no sense in making statements that will not continue to be true after they are made. — Frank Knight Copy Share Image
