Risk, Uncertainty and Profit

Krank H. Knight, 1885-1972, known as the "Grand Old Man" of Chicago, was one of the twentieth century's most eclectic economists and described as perhaps the deepest thinker and scholar American economics has produced. He graduated from the University of Tennessee in 1913 with both a B.S. and an M.A. degree. He completed doctoral studies at Cornell University in 1916. Teaching assignments were held at Cornell and Iowa before entering a long career at the University of Chicago, where he remained until 1960, teaching nine years more after his retirement in 1951. While there he was a towering figure in the Economics Department, being its foremost specialist in the history of economic thought and a major leader of the "Chicago School" which produced a large number of distinguished economists. In 1957, the American Economic Association gave him its highest award, the Francis Walker Medal for lifetime achievement in economicsKnight, Frank Hyneman is the author of 'Risk, Uncertainty and Profit', published 1985 under ISBN 9780226446912 and ISBN 0226446913.