Frank Hyneman Knight

1885 - 1974

A Quote by Frank Hyneman Knight on conflict, people, and power

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.

Frank Hyneman Knight (1885 - 1974)

Source: Freedom and Reform, 1947, ch. 13

Contributed by: Zaady

A Quote by Frank Hyneman Knight on competition, freedom, and individuality

Market competition is the only form of organization which can afford a large measure of freedom to the individual.

Frank Hyneman Knight (1885 - 1974)

Source: Freedom and Reform, 1947, ch. 13

Contributed by: Zaady

A Quote by Frank Hyneman Knight on conflict, economics, interest, and war

Conflicting economic interest is relatively unimportant as a cause of war.

Frank Hyneman Knight (1885 - 1974)

Source: Freedom and Reform, 1947, ch. 15

Contributed by: Zaady

A Quote by Frank Hyneman Knight on economics, problems, and truth

The truth seems . . . to be that in the ultimate and essential problem the economic factor is relatively superficial and unimportant.

Frank Hyneman Knight (1885 - 1974)

Source: Freedom and Reform, 1947, ch. 5

Contributed by: Zaady

A Quote by Frank Hyneman Knight on absence, assumptions, change, consequences, economics, problems, revolution, and struggle

If 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 Hyneman Knight (1885 - 1974)

Source: Freedom and Reform, 1947, ch. 4

Contributed by: Zaady

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