Category Archives: Frank Knight
edmund phelps: The Elite Don’t Understand How Capitalism Works
Nobel Prize winner Edmond Phelps channels Friedrich Hayek and re-introduces Frank Knight in a brutal take-down of a failed generation botching up the works because they are fatally ignorant of how a capitalist economy actually works. What Phelps is too … Continue reading
Posted in Division of Knowledge, Economics, Frank Knight, Uncertainty
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book: Frank Knight’s “Risk, Uncertainty and Profit” available on Google
The L.S.E.’s 1933 reprint edition of Frank Knight’s Risk, Uncertainty and Profit is available in full view format and in pdf at Google books. Knight’s text was used as the standard microeconomics textbook by Lionel Robbins and Friedrich Hayek at … Continue reading
Posted in Frank Knight, L.S.E.
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