1st Edition

Frank Knight and the Chicago School in American Economics

By Ross B. Emmett Copyright 2009
256 Pages 1 B/W Illustrations
by Routledge

256 Pages 1 B/W Illustrations
by Routledge

240 Pages 1 B/W Illustrations
by Routledge

Over the last twenty years, Ross B. Emmett has explored the work of Frank H. Knight, the philosopher of the Chicago School of economics. Knight occupies a paradoxical place in the history of Chicago economics: vital to the tradition’s teaching of price theory and the twentieth-century re-articulation of the defense of free enterprise and liberal democracy, yet a critic (in advance) of the... Read more

Introduction by Warren J. Samuels Section 1: Historical Reconstruction in the History of Economics 1. Exegesis, Hermeneutics, and Interpretation 2.Reflections on ‘Breaking Away’: Economics as Science and the History of Economics as History of Science Section 2: Interpreting Frank Knight 3. The Therapeutic Quality of Frank H. Knight’s Risk, Uncertainty and Profit, 4. Frank Knight’s Dissent from Progressive Social Science 5. What is Truth’ in Capital Theory?: Five Stories Relevant to the Evaluation of Frank Knight's Contribution to the Capital Controversy 6. Maximizers vs. Good Sports: Frank Knight’s Curious Understanding of Exchange Behaviour 7. Frank H. Knight on the Conflict of Values in Economic Life Section 3: Interpreting Frank Knight and Chicago Economics 8. Frank H. Knight, Max Weber, Chicago Economics, and Institutionalism 9. Entrenching Disciplinary Competence: The Role of General Education and Graduate Study in Chicago Economics 10. De Gustibus Est Disputandum: Frank H. Knight's Response to George Stigler and Gary Becker's ‘De Gustibus Non Est Disputandum’ 11. Did the Chicago School Reject Frank Knight?, Section 4: Economics, Religion and Politics 12. Frank Knight: Economics vs. Religion 13. Is Economics a Religion 14. The Idea of a Secular Society Revisited.

Biography

Ross B. Emmett is Associate Professor of Political Economy and Political Theory & Constitutional Democracy, and co-director of The Michigan Center for Innovation and Economic Prosperity at James Madison College, Michigan State University, USA.