 | Frank Hyneman Knight (November 7, 1885 - April 15, 1972) on Individual and Change(published by RevoltSource) |
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| Frank Hyneman Knight (November 7, 1885 - April 15, 1972) on Individual and Change(published by RevoltSource) |
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American Economist from University of Chicago, Chicago School Founder, Professor of Milton Friedman, George Stigler and James M. Buchanan
: An American economist who spent most of his career at the University of Chicago, where he became one of the founders of the Chicago School. Nobel laureates Milton Friedman, George Stigler and James M. Buchanan were all students of Knight at Chicago. Ronald Coase said that Knight, without teaching him, was a major influence on his thinking. (From: Wikipedia.org.)
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Quote #2 on Political Struggle Quotes >> Individual and Change
“A man who has nothing to worry about immediately busies himself in creating something, gets into some absorbing game, falls in love, prepares to conquer some enemy, or hunts lions or the North Pole or what not.”
Source: "Ethics and Economic Interpretation," by Frank Hyneman Knight, Originally published in the Quarterly Journal of Economics 36 (May 1922): 454-81; reprinted in The Ethics of Competition and Other Essays (New York: Harper & Brothers, 1935), 19-40.
"Ethics and Economic Interpretation," by Frank Hyneman Knight, Originally published in the Quarterly Journal of Economics 36 (May 1922): 454-81; reprinted in The Ethics of Competition and Other Essays (New York: Harper & Brothers, 1935), 19-40.
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