Front Page Groups & Collections Frank H. Knight

Frank H. Knight

1885 - 1972

About the Author

Frank Knight went from a farming childhood in Illinois to teaching at the University of Chicago, where he influenced many modern economists, including Nobel Laureate James Buchanan. His works on risk and uncertainty created a foundation for economic theory while repeatedly drawing on evidence and the everyday experiences of business owners, families, and ethical considerations. [The image comes from “The Warren J. Samuels Portrait Collection at Duke University.”]

In The Library:

• author: “Cost of Production and Price Over Long and Short Periods” (1921)
• author: Risk, Uncertainty, and Profit (1921)