Frank Hyneman Knight, the Founder of the Chicago School Cover Image

Zakladatel chicagské školy Frank Hyneman Knight
Frank Hyneman Knight, the Founder of the Chicago School

Author(s): Marek Loužek
Subject(s): Politics / Political Sciences, Social Sciences, Economy
Published by: Vysoká škola ekonomická v Praze
Keywords: Chicago school of economics; Frank Knight; neoclassical economics; price theory

Summary/Abstract: Frank Hyneman Knight made a significant contribution to neoclassical economics. The paper aims to examine his economic theory and political philosophy. The first part outlines the life of Frank Knight. The second part examines his thesis titled “Risk, Uncertainty and Profit” (1921). The third part analyses “The Economic Organization” (1933). The fourth part discusses the book “The Ethics of Competition” (1935). The fifth part takes a look at the political philosophy in the book “Freedom and Reform” (1947). The sixth part highlights the significance of Knight for the Chicago School.

  • Issue Year: 67/2019
  • Issue No: 2
  • Page Range: 198-214
  • Page Count: 17
  • Language: Czech