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

Frank Knight

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Frank Knight
Age: 86 †
Born: 1885
Born: November 7
Died: 1972
Died: April 15
Economist
Sociologist
University Teacher
McLean County
Illinois
Frank Hyneman Knight
Frank H. Knight
Attitude
Opinion
History
Attitudes
Nature
Opinions
Change
Economics
Made
Capitalism
Always
Institutions
Evolution

More quotes by Frank Knight

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Large scale collective bargaining . . . is merely a seductive name for bilateral monopoly, and means either adjudication of conflicts in terms of power, or deadlock and stoppage, usually injuring outside people more than the immediate parties to the dispute.
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All science is static in the sense that it describes the unchanging aspects of things.
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...even professors of economics, to say nothing of the public, do not generally have scientific minds.
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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 them about, and finally to come to rest.
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The truth seems . . . to be that in the ultimate and essential problem the economic factor is relatively superficial and unimportant.
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Sociology isthescience of talk, and there is onlyone law in sociology. Bad talk drives out good.
Frank Knight
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Never waste any time you can spend sleeping.
Frank Knight