Frank Knight Quotes

Frank Knight
American Economist
Born: Nov 7, 1885
Died: Apr 15, 1972
Be True Methods Rest Science Sense Will
Related authors: Alan Greenspan Herbert A. Simon John Kenneth Galbraith Milton Friedman Paul A. Volcker Richard Thaler Robert Reich Thomas Sowell
There is no sense in making statements that will not continue to be true after they are made. Frank Knight
Will Made Be True Sense Statements No Sense True Making Continue After
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
Future Saying Respect Will Past Same Thing Preserves Assumption Possibility About Rests Identity Behave Same Situations Anything Thing
All science is static in the sense that it describes the unchanging aspects of things. Frank Knight
Science Sense Static Unchanging Aspects Things
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
Rest Differences Response Obliterate Higher Price Tending Points Come Goods Move Difference Movement Low
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
Science Rest Changes Finally About Tend Exception Neutralize Studied True Come Practically Forces Without Altogether Any Which Them Bring

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