By Frank H. Knight

The Ethics of Competition and Other Essays
Editions:Paperback: € 15.95 EUR
ISBN: 978-1614277491
Pages: 362

The Ethics of Competition is nothing short of visionary. Knight foresaw virtually all of the reductionist tendencies that have come to plague the discipline he cultivated, neoclassical economic theory. Even more impressively, Knight related these disciplinary proclivities back to themes as grand as the fate of liberal democracy and human nature. Knight believed that the human craving for simple, mechanical explanations inevitably leads to frustration rather than material satisfaction.

This volume is of essential value to economists, political theorists, philosophers, and sociologists. Frank H. Knight (1885-1972) was one of the original founders of the Chicago School of Economics. He was Morton D. Hall Distinguished Service Professor, Emeritus, of Social Science and Philosophy and was most famous for his work on the distinction between economic risk and uncertainty.

Table of Contents of The Ethics of Competition

  1. Ethics and the Economic Interpretation
  2. The Ethics of Competition
  3. Economic Psychology and the Value Problem
  4. The Limitations of Scientific Method in Economics
  5. Marginal Utility Economics
  6. Statics and Dynamics
  7. Cost of Production and Price over Short and Log Periods
  8. Fallacies in the Interpretation of Social Cost
  9. Value and Price
  10. Interest
  11. Economic Theory and Nationalism
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About Frank H. Knight

Frank H. KnightAccording to Wikipedia "Frank Hyneman Knight (November 7, 1885 – April 15, 1972) was an American economist who spent most of his career at the University of Chicago, where he became one of the founders of the Chicago School of Economics. Nobel laureates Milton Friedman, George Stigler and James M. Buchanan were all students of Knight at Chicago. Ronald Coase said that Knight, without teaching him, was a major influence on his thinking. F.A. Hayek considered Knight to be one of the major figures in preserving and promoting classical liberal thought in the twentieth century."