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Frank Knight

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.

For other people named Frank Knight, see Frank Knight (disambiguation).

Frank Knight

Frank Hyneman Knight

(1885-11-07)7 November 1885
McLean County, Illinois

15 April 1972(1972-04-15) (aged 86)

Chicago, Illinois

Winton Knight (father )
Julia Hyneman (mother)

Melvin Moses Knight (brother)
Bruce Winton Knight (brother)

Cornell University
University of Chicago
University of Iowa

Risk theory
Profit theory
Value theory

Chicago School of Economics

Milligan College
University of Tennessee
Cornell University

Allyn A. Young
Alvin S. Johnson

Milton Friedman
George Stigler
Charles E. Lindblom
James M. Buchanan

Clarence Edwin Ayres
John Bates Clark
Herbert J. Davenport
Max Weber

Knightian uncertainty

Francis A. Walker Medal (1957)

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.[1] F.A. Hayek considered Knight to be one of the major figures in preserving and promoting classical liberal thought in the twentieth century.[2][3]


Paul Samuelson named Knight (along with Harry Gunnison Brown, Allyn Abbott Young, Henry Ludwell Moore, Wesley Clair Mitchell, Jacob Viner, and Henry Schultz) as one of the several "American saints in economics" born after 1860.[4]

. Boston and New York: Houghton, Mifflin Company. 1921. Retrieved 7 October 2023 – via Internet Archive.[10]

Risk, Uncertainty, and Profit

. New Brunswick (US) and London (UK): Transaction Publishers. 2013. ISBN 9781412851787.[10]

The Economic Organization

. London: George Allen and Unwin Ltd. 1935.[10]

The Ethics of Competition and Other Essays

Knight. F. H.; T.W. Merriam (1945). . London: Kegan Paul, Trench, Trubner & Co., Ltd. – via Internet Archive.[10]

The Economic Order and Religion

. Port Washington, NY; London: Kennikat Press. 1947. ISBN 9780804606202 – via Internet Archive. Indianapolis, IN: Liberty Press[10]

Freedom and Reform: Essays in economics and social philosophy

. Chicago: University of Chicago Press. 1956. ISBN 978-0226446899..[10]

On the History and Method of Economics: Selected essays

. Cambridge, Massachusetts: Harvard University Press. 1960 – via Internet Archive.[10]

Intelligence and Democratic Action

1957, Francis A. Walker Medal by the American Economic Association

1961, Golden Plate Award of the [11]

American Academy of Achievement

Burgin, Angus (November 2009). "The Radical Conservatism of Frank H. Knight," Modern Intellectual History, 6:513–538.

Emmett, Ross B. (1999). "Introduction", in Selected Essays by Frank H. Knight, 2 vols., (ed. by Ross Emmett).

Emmett, Ross B. (2009). "Did the Chicago School Reject Frank Knight?", in Frank Knight and the Chicago School in American Economics,  978-0415775007.

ISBN

Fonseca, Gonçalo L. . The History of Economic Thought Website. The New School for Social Research. Archived from the original on 2008-04-29. Retrieved 2008-05-07.

"Frank H. Knight, 1885–1972"

Kasper, Sherryl (2002). The Revival of Laissez-Faire in American Macroeconomic Theory: A Case Study of Its Pioneers. ch. 2.

(1985). "Frank Hyneman Knight", University of Chicago Press – Center for the Study of the Economy and the State, Working Papers Series, Working Paper No. 37.

Stigler, G.

(2002). Markets from Networks: Socioeconomic Models of Production. Princeton: Princeton University Press.

White, Harrison C.

Hands, D. Wade (2023). "Frank Knight and behavioral economics". The European Journal of the History of Economic Thought. 30 (3): 341–368. :10.1080/09672567.2023.2197249. ISSN 0967-2567.

doi

The Frank H. Knight Page

at Find a Grave

Frank Knight

at the University of Chicago Special Collections Research Center

Guide to the Frank Hyneman Knight Papers 1908–1979

at Internet Archive

Works by or about Frank Knight