Frank Knight

The possibility of saying anything about a thing rests on the assumption that it preserves its identity, or continues to be the…

— 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…

— 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…

— 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

One-third of your plays are special teams, so to block a punt and get good field position out of it and score…

— Frank Knight

Conflicting economic interest is relatively unimportant as a cause of war.

— Frank Knight

If all properly economic problems were solved once for all . . . the social struggle and strife would . . .…

— Frank Knight

Large scale collective bargaining . . . is merely a seductive name for bilateral monopoly, and means either adjudication of conflicts in…

— Frank Knight

Sociology isthescience of talk, and there is onlyone law in sociology. Bad talk drives out good.

— Frank Knight

Knowledge is more a matter of learning than of the exercise of absolute judgment. Learning requires time, and in time the situation…

— Frank Knight

The probability of the people in power being individuals who would dislike the possession and exercise of power is on a level…

— Frank Knight

Goods move in response to price differences from points of low to points of higher price, the movement tending to obliterate the…

— Frank Knight