Always history is being made; opinions attitudes and institutions change, and there is evolution in the nature of capitalism
Frank KnightIn the long run all producers are forced to use the most efficient methods or give place to others who do.
Frank KnightI have been....moved to wonder whether my job is a job or a racket, whether economists, and particularly economic theorists, may not be in the position that Cicero, citing Cato, ascribed to the augurs of Rome-that they should cover their faces or burst into laugher when they met on the street.
Frank Knight