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Frank Knight Quotes
 
 
“All science is static in the sense that it describes the unchanging aspects of things.”
 
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Tags: Aspects | Describes | Science | Sense | Static | Things | Unchanging
 
Author details
 
 
Name:   Frank Knight
 
Nationality:   American
 
Date of Birth:   Nov 7, 1885
 
Date of Death:   Apr 15,  1972
 
Profession:   Economist
 
 
 
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We have to adapt and overcome, that's all we can do.
 
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There is no sense in making statements that will not continue to be true after they are made.
 
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In the long run all producers are forced to use the most efficient methods or give place to others who do.
 
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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.
 
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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.
 
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