“The Ethics of Competition is a book of Frank H. Knight's writings on a common theme: the problem of social control and its various implications. Knight believed in free economic institutions but was also aware that the competitive economic system could be improved. One of the central figures of neoclassical economics in the twentieth century, Knight pursued a lifelong campaign against irrationalities of nationalism, religious fanaticism, and group conflict, while conceding that these were fundamental orientations of human action that might yet frustrate his own work as an economist. While Knight vigorously defended human freedom and the liberal order, he also was sufficiently moved by the shortcomings of liberalism as to condemn it as rife with abuse.”

—  Frank Knight

Abstract
The Ethics of Competition, 1935

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "The Ethics of Competition is a book of Frank H. Knight's writings on a common theme: the problem of social control and …" by Frank Knight?
Frank Knight photo
Frank Knight13
American economist 1885–1972

Related quotes

“Imperialist war arises not merely because of bitter economic competition among industrialists and financiers of various nations, but because of the dominance of government by powerful vested interests who use the armed forces of the nation to increase their private gains in other lands. To the degree that the power of these groups is broken by socialization and equalization of economic privilege, the likelihood of war is thereby reduced.”

Kirby Page (1890–1957) American clergyman

Property (1935)

Jan Tinbergen photo

“The main sources of tension in today's world economy could be grouped under the following categories:
(i) the underdevelopment of a large part of world
(ii) competition between different economic systems
(iii) the passing of colonialism
(iv) economic instability, especially in primary markets, and
(v) national shortsightedness, especially in trade policy”

Jan Tinbergen (1903–1994) Dutch economist

Source: Shaping the world economy, 1962, p. 91

Paul Krugman photo

“This article makes three points. First, it argues that concerns about competitiveness are, as an empirical matter, almost completely unfounded. Second, it tries to explain why defining the economic problem as one of international competition is nonetheless so attractive to so many people. Finally, it argues that the obsession with competitiveness is not only wrong but dangerous, skewing domestic policies and threatening the international economic system.”

Paul Krugman (1953) American economist

Pop Internationalism (1996), Competitiveness: A Dangerous Obsession (1994)

Aldo Leopold photo

“Land-use ethics are still governed wholly by economic self-interest, just as social ethics were a century ago.”

Aldo Leopold book A Sand County Almanac

Source: A Sand County Almanac, 1949, "The Land Ethic", p. 209.

Aldo Leopold photo

“An ethic, ecologically, is a limitation on freedom of action in the struggle for existence. An ethic, philosophically, is a differentiation of social from anti-social conduct. These are two definitions of one thing. The thing has its origin in the tendency of interdependent individuals or groups to evolve modes of co-operation. The ecologist calls these symbioses. Politics and economics are advanced symbioses in which the original free-for-all competition has been replaced, in part, by co-operative mechanisms with an ethical content.”

Aldo Leopold book A Sand County Almanac

Source: A Sand County Almanac, 1949, "The Land Ethic", p. 202.

Dejan Stojanovic photo

“To the knights of faith nobody believes.”

Dejan Stojanovic book Circling: 1978-1987

”The Thin Thread,” p. 64
Circling: 1978-1987 (1993), Sequence: “A Warden with No Keys”

Raymond Chandler photo

“Knights had no meaning in this game. It wasn't a game for knights.”

Raymond Chandler book The Big Sleep

Source: The Big Sleep (1939), Chapter 28
Context: I looked down at the chessboard. The move with the knight was wrong. I put it back where I had moved it from. Knights had no meaning in this game. It wasn't a game for knights.

Gérard Debreu photo

“Perhaps as important is the relation between the existence of solutions to a competitive equilibrium and the problems of normative or welfare economics.”

Gérard Debreu (1921–2004) French economist and mathematician

Arrow, Kenneth J., and Gerard Debreu. " Existence of an equilibrium for a competitive economy http://cowles.econ.yale.edu/P/cp/p00b/p0087.pdf." Econometrica: Journal of the Econometric Society (1954): p. 265

Kenneth Arrow photo

“Perhaps as important is the relation between the existence of solutions to a competitive equilibrium and the problems of normative or welfare economics.”

Kenneth Arrow (1921–2017) American economist

Source: 1950s-1960s, "Existence of an equilibrium for a competitive economy." 1954, p. 265

Jan Tinbergen photo

“The central question of economic policy is the question of the effectiveness of its various instruments.”

Jan Tinbergen (1903–1994) Dutch economist

Source: Income Distribution (1975), p. 53

Related topics