[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fsvpF7F7rZMtG9GUirxnW0hiHp5ob6O_0uVHm_qXRH-o":3,"$fZ6w1YX5oRyVMYb1gUDfm-OUd6Ni5WFaqNabmcSy88_s":52},{"author":4,"tags":51},{"author_id":5,"author_name":6,"author_name_first_letter":7,"article_count":8,"bio":9,"short_bio":10,"bio_jsonld":11,"slug":49,"image_url":50},104463,"Frank Knight","F",37,"The early twentieth century saw American economics develop as a serious academic discipline, with universities becoming central to the formation of new intellectual traditions and schools of thought. Frank Hyneman Knight was born on November 7, 1885, in McLean County, and went on to occupy a significant place within that professional landscape as an economist and university teacher.\n\nKnight was educated at Milligan University, the University of Tennessee, and Cornell University. He worked as both an economist and a sociologist, and he spent most of his career at the University of Chicago. It was there that he became one of the founders of the Chicago School, an association that placed him at the center of one of the most discussed currents in twentieth-century American economic thought.\n\nKnight's long tenure at the University of Chicago gave him a sustained institutional presence within the profession. His identification as both an economist and a sociologist indicates a breadth of disciplinary engagement beyond a single field. As a university teacher working in the English language, he participated in the academic life of his era through teaching and scholarship, contributing to the formation of the Chicago School during the decades he spent at that institution.\n\nKnight received several honors over the course of his career. He was awarded a Guggenheim Fellowship, the Golden Plate Award, and the Francis A. Walker Medal. He died on April 15, 1972, in Chicago, the city where he had spent the central portion of his working life. The Francis A. Walker Medal, received from within the economics profession, stands as a concrete mark of the recognition extended to him by his peers.","The early twentieth century saw American economics develop as a serious academic discipline, with universities becoming central to the formation of new intellectual traditions and schools of thought. Frank Hyneman Knight was born on November 7, 1885, in McLean County, and went on to occupy a significant place within that professional landscape as an economist and university teacher.",{"@graph":12,"@context":48},[13,25],{"@id":14,"name":6,"@type":15,"sameAs":16,"birthDate":22,"deathDate":23,"description":24},"https://www.wikidata.org/wiki/Q355223","Person",[14,17,18,19,20,21],"https://en.wikipedia.org/wiki/Frank_Knight","https://viaf.org/viaf/68990002/","https://id.loc.gov/authorities/names/n79021424","https://openlibrary.org/authors/OL4347369A","https://d-nb.info/gnd/119107449","1885-11-07","1972-04-15","American economist (1885-1972)",{"@type":26,"author":27,"headline":30,"isBasedOn":31,"mainEntity":32,"reviewedBy":33,"articleBody":9,"dateCreated":34,"dateModified":35,"additionalProperty":36,"creativeWorkStatus":47},"Article",{"name":28,"@type":29},"Editorial Team","Organization","Frank Knight — biography",[14,17,19,20],{"@id":14},{"name":28,"@type":29},"2026-05-24T15:56:10.679491+00:00","2026-05-24T16:02:48.204480+00:00",[37,41,44],{"@type":38,"value":39,"propertyID":40},"PropertyValue","Q355223","wikidata",{"@type":38,"value":42,"propertyID":43},"1.000","factscore",{"@type":38,"value":45,"propertyID":46},"claude-sonnet-4-6-r1","draftModel","AI-drafted, auto-published","https://schema.org","frank-knight",null,[],{"quotes":53,"pagination":155},[54,62,68,80,91,102,113,124,135,146],{"id":55,"quote_text":56,"author_id":5,"source_id":57,"has_image":58,"author":59,"source":60,"quote_tag":61,"commentary":50},3030218,"Always history is being made; opinions attitudes and institutions change, and there is evolution in the nature of capitalism.",6,false,{"id":5,"author_name":6,"slug":49,"author_name_first_letter":7,"article_count":8,"image_url":50},{},[],{"id":63,"quote_text":64,"author_id":5,"source_id":57,"has_image":58,"author":65,"source":66,"quote_tag":67,"commentary":50},3030190,"We have to adapt and overcome, that’s all we can do.",{"id":5,"author_name":6,"slug":49,"author_name_first_letter":7,"article_count":8,"image_url":50},{},[],{"id":69,"quote_text":70,"author_id":5,"source_id":71,"has_image":58,"author":72,"source":73,"quote_tag":74,"commentary":50},1814836,"Never waste any time you can spend sleeping.",4,{"id":5,"author_name":6,"slug":49,"author_name_first_letter":7,"article_count":8,"image_url":50},{},[75],{"id":76,"tag":77},4805148,{"id":78,"tag_name":79},4840,"time-management",{"id":81,"quote_text":82,"author_id":5,"source_id":71,"has_image":58,"author":83,"source":84,"quote_tag":85,"commentary":50},1814835,"The truth seems . . . to be that in the ultimate and essential problem the economic factor is relatively superficial and unimportant.",{"id":5,"author_name":6,"slug":49,"author_name_first_letter":7,"article_count":8,"image_url":50},{},[86],{"id":87,"tag":88},4805147,{"id":89,"tag_name":90},28536,"essentials",{"id":92,"quote_text":93,"author_id":5,"source_id":71,"has_image":58,"author":94,"source":95,"quote_tag":96,"commentary":50},1814834,"Market competition is the only form of organization which can afford a large measure of freedom to the individual.",{"id":5,"author_name":6,"slug":49,"author_name_first_letter":7,"article_count":8,"image_url":50},{},[97],{"id":98,"tag":99},4805146,{"id":100,"tag_name":101},4074,"individuality",{"id":103,"quote_text":104,"author_id":5,"source_id":71,"has_image":58,"author":105,"source":106,"quote_tag":107,"commentary":50},1814833,"Large scale collective bargaining . . . is merely a seductive name for bilateral monopoly, and means either adjudication of conflicts in terms of power, or deadlock and stoppage, usually injuring outside people more than the immediate parties to the dispute.",{"id":5,"author_name":6,"slug":49,"author_name_first_letter":7,"article_count":8,"image_url":50},{},[108],{"id":109,"tag":110},4805145,{"id":111,"tag_name":112},702,"party",{"id":114,"quote_text":115,"author_id":5,"source_id":71,"has_image":58,"author":116,"source":117,"quote_tag":118,"commentary":50},1814832,"Knowledge is more a matter of learning than of the exercise of absolute judgment. Learning requires time, and in time the situation dealt with, as well as the learner, undergoes change.",{"id":5,"author_name":6,"slug":49,"author_name_first_letter":7,"article_count":8,"image_url":50},{},[119],{"id":120,"tag":121},4805144,{"id":122,"tag_name":123},80,"education",{"id":125,"quote_text":126,"author_id":5,"source_id":71,"has_image":58,"author":127,"source":128,"quote_tag":129,"commentary":50},1814831,"Sociology isthescience of talk, and there is onlyone law in sociology. Bad talk drives out good.",{"id":5,"author_name":6,"slug":49,"author_name_first_letter":7,"article_count":8,"image_url":50},{},[130],{"id":131,"tag":132},4805143,{"id":133,"tag_name":134},1341,"law",{"id":136,"quote_text":137,"author_id":5,"source_id":71,"has_image":58,"author":138,"source":139,"quote_tag":140,"commentary":50},1814830,"The probability of the people in power being individuals who would dislike the possession and exercise of power is on a level with the probability that an extremely tender-hearted person would get the job of whipping-master in a slave plantation.",{"id":5,"author_name":6,"slug":49,"author_name_first_letter":7,"article_count":8,"image_url":50},{},[141],{"id":142,"tag":143},4805141,{"id":144,"tag_name":145},4883,"jobs",{"id":147,"quote_text":148,"author_id":5,"source_id":71,"has_image":58,"author":149,"source":150,"quote_tag":151,"commentary":50},1814828,"I have been....moved to wonder whether my job is a job or a racket, whether economists, and particularly economic theorists, may not be in the position that Cicero, citing Cato, ascribed to the augurs of Rome-that they should cover their faces or burst into laugher when they met on the street.",{"id":5,"author_name":6,"slug":49,"author_name_first_letter":7,"article_count":8,"image_url":50},{},[152],{"id":153,"tag":154},4805140,{"id":144,"tag_name":145},{"currentPage":156,"totalPages":71,"totalItems":8,"itemsPerPage":157},1,10]