Image by Pexels on Pixabay · Pixabay License
Frank Knight
Sign in to saveAlso known as Frank Hyneman Knight, Frank H. Knight
American economist (1885-1972)
Person · Open Library
- Born
- 1885
- Died
- 1972
- Works
- 16
Top works
- Bertrand Russell on power
- The economic order and religion
- Economic freedom and social responsibility
- Intelligence and democratic action
- The ethics of competition, and other essays
via Open Library + Wikidata
Listeners · Last.fm
- Listeners
- 384
- Total plays
- 2,765
Tags
<a href="https://www.last.fm/music/Frank+Knight">Read more on Last.fm</a>
Recent publications · Crossref
5 total works indexed
- QIIME allows analysis of high-throughput community sequencing data
· 2010 · cited 30,937x
- The SILVA ribosomal RNA gene database project: improved data processing and web-based tools
· 2012 · cited 29,146x
- Reproducible, interactive, scalable and extensible microbiome data science using QIIME 2
· 2019 · cited 20,832x
- Intermolecular interactions from a natural bond orbital, donor-acceptor viewpoint
· 1988 · cited 16,695x
- Accurate normalization of real-time quantitative RT-PCR data by geometric averaging of multiple internal control genes
· 2002 · cited 16,044x
via Crossref · CC0
Quotes
- “Most striking feature... is the author’s failure to understand the elementary mechanics of the competitive economic organization.”
- “[Weber] is the only one who really deals with the problem of causes or approaches the material from that angle that can alone yield an answer to such questions, that is, the angle of comparative history in the broad sense.”
- “Of the American institutionalists, his most generous comments concerned Commons’s work, work that he regarded as hopelessly unsystematic but highly ‘suggestive and valuable’”
- “Economics and ethics naturally come into rather intimate relations with each other since both recognizedly deal with the problem of value.”
- “[In 1932, Lionel Robbins declared economics ‘the science of choice’ (Robbins 1932). In the same year, when students at the University of Chicago opened their social sciences course reader, they read Knight’s response:] Such definitions come too near to saying that economics is the science of things generally, of everything that men are for practical reasons interested in. Such a definition is useless and misleading”
- “A civilization which is dominated by this matter-of-fact insight must prevail against any cultural scheme that lacks this element. This characteristic of western civilization comes to a head in modern science, and finds its highest material expression in the technology of the machine industry.”
via Wikiquote · CC BY-SA
Key facts
- Born
- Frank Hyneman Knight , ( 1885-11-07 ) 7 November 1885, McLean County, Illinois , U.S.
- Died
- 15 April 1972 (1972-04-15) (aged 86), Chicago, Illinois , U.S.
- Spouse
- Ethel Verry Knight
- Alma mater
- Milligan College ( BA ), University of Tennessee ( BA , BS ), Cornell University ( PhD )
- Doctoral advisor
- Allyn A. Young , Alvin S. Johnson
- Influences
- Clarence Edwin Ayres , John Bates Clark , Herbert J. Davenport , Max Weber
- Discipline
- Risk theory, Profit theory , Value theory
- School or tradition
- Chicago School of Economics
- Institutions
- Cornell University , University of Chicago , University of Iowa
- Doctoral students
- Milton Friedman , George Stigler , Charles E. Lindblom , James M. Buchanan
- Notable ideas
- Knightian uncertainty
- Awards
- Francis A. Walker Medal (1957)
via Wikipedia infobox
~8 min read
Encyclopedic overview
Frank Hyneman Knight (November 7, 1885 – April 15, 1972) was an American economist who spent most of his career at the University of Chicago, where he became one of the founders of the Chicago School.
Nobel laureates Milton Friedman, George Stigler and James M. Buchanan were all students of Knight at Chicago. Ronald Coase said that Knight, without teaching him, was a major influence on his thinking. F.A. Hayek considered Knight to be one of the major figures in preserving and promoting classical liberal thought in the twentieth century.
Excerpted from Wikipedia’s “Frank Knight” article, available under the CC BY-SA 4.0 licence.