frank h knight

English - English

Definition of frank h knight in English English dictionary

born Nov. 7, 1885, White Oak township, McLean county, Ill., U.S. died April 15, 1972, Chicago, Ill. U.S. economist. He received his Ph.D. from Cornell University in 1916. He taught at the University of Chicago from 1927 to 1952; Milton Friedman was one of the many students he influenced. His book Risk, Uncertainty and Profit (1921) distinguished between insurable and uninsurable risks and asserted that profit was the reward entrepreneurs earned for bearing uninsurable risk. His monograph "Economic Organization" is a classic exposition of microeconomic theory. He is considered the founder of the Chicago school of economics

Hyphenation

Frank h knight

Turkish pronunciation

frängk eyç nayt

Pronunciation

/ˈfraɴɢk ˈāʧ ˈnīt/ /ˈfræŋk ˈeɪʧ ˈnaɪt/