Problem Quotes by Frank Knight

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

The truth seems . . . to be that in the ultimate and essential problem the economic factor is relatively superficial and unimportant.

— Frank Knight

...even professors of economics, to say nothing of the public, do not generally have scientific minds.

— Frank Knight

Market competition is the only form of organization which can afford a large measure of freedom to the individual.

— Frank Knight

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

— Frank Knight

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

— Frank Knight

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

— Frank Knight

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

Always history is being made; opinions attitudes and institutions change, and there is evolution in the nature of capitalism

— Frank Knight

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

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

— Frank Knight

Costs merely register competing attractions.

— Frank Knight