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 come to rest.
Frank KnightThere is no sense in making statements that will not continue to be true after they are made.
Frank KnightIt 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.
Frank KnightMarket competition is the only form of organization which can afford a large measure of freedom to the individual.
Frank Knight