Frank H. Knight on Economics, Social Science, and Liberalism


Conferees considered Knight's understanding of the nature of economics and the social sciences, the role of uncertainty in economic calculation and human decisions, the importance of discussion in politics, the relation of religion to liberalism, and the future of liberalism by reading his essays and excerpts from his books.


Conference Readings

Buchanan, James M. The Logical Foundations of Constitutional Liberty: The Collected Works of James M. Buchanan, Volume 1. Indianapolis: Liberty Fund, Inc., 1999.

Knight, Frank H. Risk, Uncertainty and Profit. Boston: Houghton Mifflin Company, 2012.

Knight, Frank H. Freedom and Reform: Essays in Economics and Social Philosophy. Indianapolis: LibertyPress, 1947, 1982.

Knight, Frank H. “Fact and Metaphysics in Economic Psychology.” The American Economic Review 15, no. 2 (June 1925): 247-266.

Knight, Frank H. “Social Science.” Ethics 51, no. 2 (January 1941): 127-143.

Knight, Frank H. The Ethics of Competition. Piscataway: Transaction Publishers, 1997, 2011.