Frank Knight Quotes

A collection of quotes by Frank Knight.

Frank Knight (1885-1972) was an American economist and professor at the University of Chicago. He is best known for his work in the field of economics and his contributions to the theory of entrepreneurship. Knight's book "Risk, Uncertainty, and Profit" (1921) played a significant role in shaping our understanding of the role of uncertainty in economic decision making. He argued that entrepreneurs make decisions under conditions of uncertainty, which distinguishes them from pure risk-takers. Knight's work greatly influenced the Chicago School of economics and his contributions continue to be influential in the field.