Frank H. Knight Quotes

To call a situation hopeless is to call it ideal.

Never waste any time you can spend sleeping.

The mathematical economists have commonly been mathematicians first and economists afterward, disposed to oversimplify the data and underestimate the divergence between their premises and facts of life.

[The]...feeling for what one should want, in contrast with actual desire, is stronger in the unthinking than in those sophisticated by education. It is the later who argues into the 'tolerant' (economic) attitude of de gustibus non est disputandum [in matters of taste, there can be no disputes]; the man in the street is more likely to view the individual whose tastes are 'wrong' as a scurvy fellow who ought to be despised if not beaten up or shot.