Frank Knight

We have to adapt and overcome, that's all we can do. ↗

— Frank Knight

#overcome

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

— Frank Knight

#describes #science #sense #static #things

Goods move in response to price differences from points of low to points of higher price, the movement tending to obliterate the price difference and come to rest. ↗

— Frank Knight

#difference #differences #goods #higher #low

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

— Frank Knight

#forced #give #long #long run #methods

It is true practically if not altogether without exception that the changes studied by any science tend to equilibrate or neutralize the forces which bring them about, and finally to come to rest. ↗

— Frank Knight

#altogether #any #bring #changes #come

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

— Frank Knight

#be true #continue #made #making #sense