...even professors of economics, to say nothing of the public, do not generally have scientific minds.
Frank KnightMarket competition is the only form of organization which can afford a large measure of freedom to the individual.
Frank KnightAlways history is being made; opinions attitudes and institutions change, and there is evolution in the nature of capitalism
Frank KnightIf all properly economic problems were solved once for all . . . the social struggle and strife would . . . [not necessarily] be reduced in amount or intensity . . . in the absence of some moral revolution which could by no means be assumed to follow in consequence of this change itself.
Frank Knight