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

--

Source : Frank Hyneman Knight (1997). “The Ethics of Competition”, p.191, Transaction Publishers

Frank Knight

#Running Quotes #Long Quotes #Giving Quotes

“I enlisted when I was a boy. The Navy looked after me like my mother. It fed me, took care of me and gave me wonderful opportunities.”
“I didnt know what architecture was except that I lived in a house. I dont even think that I knew the word for a long time. My dad funneled me into engineering because it was his background.”
“I never thought basketball was going to be my future. I just wanted to play because it gets you girls.”
“We make each other alive; it doesnâ€™t make a difference if it hurts.”
“There are lots of cases where we know more about how the world works than we do about how we know how it works. That's no paradox. Understanding the structure of galaxies is one thing, understanding how we understand the structure of galaxies is quite another. There isn't the slightest reason why the first should wait on the second and, in point of historical fact, it didn't. This bears a lot of emphasis; it turns up in philosophy practically everywhere you look.”
“I don't play them a lot of minutes. I have great starters. I have All-Stars, world champions.”
“I really can't help what someone thinks of me because they are reading a paper and choosing to believe it.”
“Praising an honest person who doesn't deserve it, always wounds them.”

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