...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 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