Where should we place Frank Knight in the passage from classical liberalism to neo-liberalism? The argument has recently been made by that Knight should be placed among the group of liberals of an “older generation” that neo-liberals generally, and the Chicago School in particular, separated...

Frank Knight's theory of the entrepreneurial function in modern enterprise is explored in two contexts. The first is the dismissal of the neoclassical theory of business enterprise by Berle and Means in The Modern Corporation and Private Property, and their subsequent call for measures that...

Our main contention is that two different re-conceptualizations of liberal democracy took place among Chicago economists in the postwar period. The first emerged out of Frank H. Knight's ruminations in the 1930s on the failures of liberalism. By the 1940s, Knight devoted most of his attention to...

Review essay on Rutherford, M. (2011), <em>The Institutionalist Movement in American Economics, 1918-1947: Science and Social Control</em>, Cambridge University Press, Cambridge, UK.I use the review to highlight the importance of psychology in the development of the institutionalist conception of science...

Prepared for the reissue of Frank Knight's <I>The Economic Organization</I> by Transaction Books, which includes both "The Economic Organization" and "Notes of Utility and Cost." The introduction covers the context of Knight's writing his little textbook, its place in the history of Chicago price...</i>