Assumption Quote 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 in the respect described, that it will behave in future situations as it has in past.” quote by Frank Knight — Download Open 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 in the respect described, that it will behave in future situations as it has in past.”

Frank Knight

★ ★ ★ ★ ★ 3.7 out of 5 (9 ratings)

Assumption Behave Identity Past Possibility Preserves Time

More by Frank Knight

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

Frank Knight

Image

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

Frank Knight

Image

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

Frank Knight

Image

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

Frank Knight

Image

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

Frank Knight

Image

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

Frank Knight

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

Image

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

Frank Knight

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

Image

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

Frank Knight

Image

Costs merely register competing attractions.

Frank Knight

Image

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

Frank Knight

Image

Explore all 20 Frank Knight quotes

More Assumption quotes

Next to the assumption of power was the responsibility of relinquishing it.

Benjamin Disraeli

Image

It's difficult for people to come to the understanding that only a small minority of the people ever really get the word about life, about living abundantly and successfully. Success in the important departments of life seldom comes naturally, no more naturally than success at anything-a musical instrument, sports, fly-fishing, tennis, golf, business, marriage, parenthood, landscape gardening. But somehow people…

Earl Nightingale

Much like teaching art to young art students age 10 to 15 or so on, you have to break it down into bite-sized pieces, essential components. You have to - you know, at this point I'm so used to operating within given assumptions about art. But when you're explaining art to art students or people who are new to this…

Kehinde Wiley

Neither novels or their readers benefit from any attempts to divine whether any facts hide inside a story. Such efforts attack the very idea…

John Green

Image

The risk of developing carcinoma of the lung increases steadily as the amount smoked increases. If the risk among non-smokers is taken as unity and the resulting ratios in the three age groups in which a large number of patients were interviewed (ages 45 to 74) are averaged, the relative risks become 6, 19, 26, 49, and 65 when the…

Richard Doll