Goods move in response to p... by Frank Knight, an American Economist

Frank Knight Quotes

“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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Frank Knight

Author details

Name: Frank Knight

Nationality: American

Date of Birth: Nov 7, 1885

Date of Death: Apr 15, 1972

Profession: Economist

Other Frank Knight Quotes

We have to adapt and overcome, that's all we can do.

Frank Knight

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There is no sense in making statements that will not continue to be true after they are made.

Frank Knight

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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.

Frank Knight

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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.

Frank Knight

47% of people like this quote

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

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