Large scale collective bargaining . . . is merely a seductive name for bilateral monopoly, and means either adjudication of conflicts in terms of pow…

- Frank Knight

Sociology isthescience of talk, and there is onlyone law in sociology. Bad talk drives out good.

- Frank Knight

In the long run all producers are forced to use the most efficient methods or give place to others who do.

- Frank Knight

Conflicting economic interest is relatively unimportant as a cause of war.

- Frank Knight

The possibility of saying anything about a thing rests on the assumption that it preserves its identity, or continues to be the same thing in the res…

- Frank Knight

There is no sense in making statements that will not continue to be true after they are made.

- Frank Knight

If all properly economic problems were solved once for all . . . the social struggle and strife would . . . [not necessarily] be reduced in amount or…

- Frank Knight

Market competition is the only form of organization which can afford a large measure of freedom to the individual.

- Frank Knight

All science is static in the sense that it describes the unchanging aspects of things.

- Frank Knight