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Frank Knight Quotes
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Type: Economist Quotes Category: American Economist Quotes Date of Birth: November 7, 1885 Date of Death: April 15, 1972 Nationality: American Find on Amazon: Frank Knight Related Authors: John Kenneth Galbraith Thomas Sowell Milton Friedman Jeremy Rifkin Martin Feldstein Jeffrey Sachs John W. Snow Douglass North |
All science is static in the sense that it describes the unchanging aspects of things.
Frank Knight 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 Knight In the long run all producers are forced to use the most efficient methods or give place to others who do. Frank Knight It 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 Knight The possibility of saying anything about a thing rests on the assumption that it preserves its identity, or continues to be the same thing in the respect described, that it will behave in future situations as it has in past. Frank Knight There is no sense in making statements that will not continue to be true after they are made. Frank Knight We have to adapt and overcome, that's all we can do. Frank Knight |
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