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Frank Knight Quotes


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Quotes by Frank Knight

Showing 1-7 of 7 Quotes by Frank Knight

All science is static in the sense that it describes the unchanging aspects of things.

~Frank Knight

Topics: Aspects Science Sense Static Things Unchanging

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In the long run all producers are forced to use the most efficient methods or give place to others who do.

~Frank Knight

Topics: Efficient Forced Give Long Long Run Methods Most Others Place Producers Run Use Who

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There is no sense in making statements that will not continue to be true after they are made.

~Frank Knight

Topics: After Be True Continue Made Making No Sense Sense Statements True Will

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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

Topics: Come Difference Differences Goods Higher Low Move Movement Points Price Response Rest Tending

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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

Topics: About Altogether Any Bring Changes Come Exception Finally Forces Practically Rest Science Studied Tend Them True Which Without

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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

Topics: About Anything Assumption Behave Future Identity Past Possibility Preserves Respect Rests Same Same Thing Saying Situations Thing Will

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We have to adapt and overcome, that's all we can do.

~Frank Knight

Topics: Adapt Overcome

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Biography

Nationality: American

Type: Economist

Born: November 7th, 1885

Died: April 15th, 1972

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