"Knight's monograph The Economic Organization (1933) was prepared in the mid-1920s while Knight was at the University of Iowa and was later duplicated for student use at Chicago... It contains the elements of theory that helped to establish for Chicago its pre-eminence in neoclassical economics. While, according to Buchanan, there was little in the monograph that was wholly original, its value was in its emphasis on key points, its clarification of ambiguous concepts and notions, and its integrated approach to the economy as a social organization. According to Buchanan, several generations of undergraduate students at Chicago obtained their vision of the totality of the economic process only after encountering Knight (and Simons)."
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Economists from the United StatesCornell University alumniPeople from IllinoisUniversity of Chicago faculty
Original Language: English
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Ross B. Emmett. The Elgar Companion to The Chicago School of Economics, 2008. p. 238
https://en.wikiquote.org/wiki/Frank_Knight
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Frank Knight
(November 7, 1885 – April 15, 1972) was an American economist, who spent most of his career at the , where he became one of the founders of the .
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