If all properly economic problems were solved once for all. . . the social struggle and strife would. … - Frank Knight

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And then he sank back and tried, as usual, not to think. He must succeed. That's what the world was made for. That's what he was made for. That was what he would have to do.

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 intensity. . . in the absence of some moral revolution which could by no means be assumed to follow in consequence of this change itself.

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Never waste any time you can spend sleeping.

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

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

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

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Knowledge is more a matter of learning than of the exercise of absolute judgment. Learning requires time, and in time the situation dealt with, as well as the learner, undergoes change.

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