Frank H.Knight – Risk, Uncertainty and Profit

Frank H.Knight – Risk, Uncertainty and Profit

Knight’s groundbreaking study of the role of the entrepreneur in economic life.

Frank H. Knight

Frank Knight went from a farming childhood in Illinois to teaching at the University of…

Knight’s groundbreaking study of the role of the entrepreneur in economic life….

Frank Knight went from a farming childhood in Illinois to teaching at the University of Chicago, where he influenced many modern economists, including Nobel Laureate James Buchanan. His works on risk and uncertainty created a foundation for economic theory while repeatedly drawing on evidence and the everyday experiences of business owners, families, and ethical considerations. [The image comes from “The Warren J. Samuels Portrait Collection at Duke University.”]