F
Frank H. Knight
Researcher at University of Iowa
Publications - 128
Citations - 14389
Frank H. Knight is an academic researcher from University of Iowa. The author has contributed to research in topics: Liberalism & Social philosophy. The author has an hindex of 29, co-authored 128 publications receiving 13967 citations. Previous affiliations of Frank H. Knight include Cornell University & University of Chicago.
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Book
Risk, Uncertainty and Profit
TL;DR: In Risk, Uncertainty and Profit, Frank Knight explored the riddle of profitability in a competitive market profit should not be possible under competitive conditions, as the entry of new entrepreneurs would drive prices down and nullify margins, however evidence abounds of competitive yet profitable markets as mentioned in this paper.
Journal ArticleDOI
Some Fallacies in the Interpretation of Social Cost
TL;DR: The notion of decreasing cost is a fallacy; competitive price fixation under decreasing cost or increasing returns an impossible situation, 592 as mentioned in this paper, and the law of comparative advantage in international trade is fundamentally sound.
Posted Content
Risk, Uncertainty and Profit
TL;DR: In Risk, Uncertainty and Profit, Frank Knight explored the riddle of profitability in a competitive market profit should not be possible under competitive conditions, as the entry of new entrepreneurs would drive prices down and nullify margins, however evidence abounds of competitive yet profitable markets as mentioned in this paper.
Book
The Ethics of Competition
TL;DR: The Ethics of Competition as discussed by the authors is a book of Frank H. Knight's writings on a common theme: the problem of social control and its various implications, focusing on the human desire for simple, mechanical explanations.
Journal ArticleDOI
Diminishing Returns from Investment
TL;DR: In this article, it is shown that the relation between return and cost in any particular case, and even on the whole, is affected by some mixture of error and the factors involved in the genesis of new knowledge, which are in part dealt with by probability reasoning.