Frank H. Knight Prophet of Freedom
Frank H. Knight was co-founder of the “Chicago School”. He was, first and foremost, a teacher; a theorist and author second. His work is scattered across many economic journals in essay-form standing on the base of Risk, Uncertainty and Profit, published
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FRANK H. KNIGHT Prophet of Freedom
David Cowan
Great Thinkers in Economics Series Editor A.P. Thirlwall School of Economics University of Kent Canterbury, United Kingdom
The famous historian, E.H. Carr once said that in order to understand history it is necessary to understand the historian writing it. The same could be said of economics. Famous economists often remark that specific episodes in their lives, or particular events that took place in their formative years attracted them to economics. This new series Great Thinkers in Economics is designed to illuminate the economics of some of the great historical and contemporary economists by exploring the interaction between their lives and work, and the events surrounding them. More information about this series at http://www.springer.com/series/15026
David Cowan
Frank H. Knight Prophet of Freedom
David Cowan Boston College MA, USA
Great Thinkers in Economics ISBN 978-1-137-46210-7 ISBN 978-1-137-46211-4 DOI 10.1057/978-1-137-46211-4
(eBook)
Library of Congress Control Number: 2016936771 © The Editor(s) (if applicable) and The Author(s) 2016 The author(s) has/have asserted their right(s) to be identified as the author(s) of this work in accordance with the Copyright, Designs and Patents Act 1988. This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Cover illustration: © Courtesy of the Special Collections Research Center, University of Chicago Library Printed on acid-free paper This Palgrave Macmillan imprint is published by Springer Nature The registered company is Macmillan Publishers Ltd. London
To my son David, with love and admiration!
Preface
Frank Knight is an interesting thinker to have spent a portion of one’s life life in writing a book such as this. Perhaps it is my own roots in Scotland that has led me to have some warmth for his curmudgeonly persona, but that aside, it is his realism and insight into the limitations of the human person that truly holds some fascination for me.
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