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Frank Hyneman Knight (November 7, 1885 – April 15, 1972) was an American economist who spent most of his career at the University of Chicago, where he became one of the founders of the Chicago School . Nobel laureates Milton Friedman, George Stigler and James M. Buchanan were all students of Knight at Chicago.
Apr 10, 2024 · Frank Hyneman Knight (born November 7, 1885, White Oak township, McLean county, Illinois, U.S.—died April 15, 1972, Chicago, Illinois) was an American economist who is considered the main founder of the “ Chicago school ” of economics. Knight was educated at the University of Tennessee and at Cornell University, where he obtained his Ph.D. in 1916.
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Jun 2, 2010 · For this reason, the crisis has cast new attention on an idea about risk from decades past: “Knightian uncertainty.”. Frank Knight was an idiosyncratic economist who formalized a distinction between risk and uncertainty in his 1921 book, Risk, Uncertainty, and Profit.
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F rank H. Knight was one of the founders of the so-called Chicago school of economics, of which milton friedman and george stigler were the leading members from the 1950s to the 1980s. Knight made his reputation with his book Risk, Uncertainty, and Profit , which was based on his Ph.D. dissertation.
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Frank Hyneman Knight (November 7, 1885 - April 15, 1972) was an American economist. He remains famous for his "Knightian uncertainty," the distinction between risk and uncertainty, and for his work on ethics in economics.
