Frank H. Knight
1885–1972
Nationality: American
Historical Period: The 20th Century and Beyond
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.”]
Read the Liberty Classic A Century of Risk, Uncertainty, and Profit from Econlib
Titles from Frank H. Knight:
- Author: “Cost of Production and Price Over Long and Short Periods”
- Author: Risk, Uncertainty, and Profit