Frank H. Knight's antagonism to religion is well-known, and features prominently in his writings from the 1930s on. But during the 1920s, when he was a professor at the University of Iowa and wrote some of his most important essays on the limitations of economics, Knight was an active...

One often hears the argument that Adam Smith’s Theory of Moral Sentiments provides a basis for the construction of a morality independent of a religion based on revelation. Central to this argument is Smith’s impartial spectator, whose study of human motivation through observation of the...