Frank Knight Quotes
- ...even professors of economics, to say nothing of the public, do not generally have scientific minds.
- Always history is being made; opinions attitudes and institutions change, and there is evolution in the nature of capitalism
- 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…
- There is no sense in making statements that will not continue to be true after they are made.
- Large scale collective bargaining . . . is merely a seductive name for bilateral monopoly, and means either adjudication of conflicts in terms of power,…
- Market competition is the only form of organization which can afford a large measure of freedom to the individual.
- Costs merely register competing attractions.
- Never waste any time you can spend sleeping.
- 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…
- If all properly economic problems were solved once for all . . . the social struggle and strife would . . . [not necessarily] be…
- The truth seems . . . to be that in the ultimate and essential problem the economic factor is relatively superficial and unimportant.
- Conflicting economic interest is relatively unimportant as a cause of war.
- All science is static in the sense that it describes the unchanging aspects of things.
- In the long run all producers are forced to use the most efficient methods or give place to others who do.
- 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…
- We have to adapt and overcome, that's all we can do.