Frank Knight and the Chicago School in American Economics [Hardcover]

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 traditions 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 empirical and methodological orientation that has characterized Chicago economics and the rest of the discipline in the post-war period, and skeptical of liberalisms prospects. In the course of his investigation of Knights work, Emmett has written not only about Knights economics and philosophy, the nature of Chicago economics, and Knights place in the Chicago tradition, but also about the application of hermeneutic theory to the history of economics, the relation of the history of economic thought to the discipline of economics, and the relation between economics and religion. His eight-volume collection of primary-source material on The Chicago Tradition in Economics, 1892-1945 was published by Routledge in 2001.

Introduction by Warren J. Samuels Section 1: Historical Reconstruction in the History of Economics1. 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 Knight3. The Therapeutic Quality of Frank H. Knights Risk, Uncertainty and Profit, 4. Frank Knights 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 Knights Curious Understanding of Exchange Behaviour 7. Frank H. Knight on the Conflict of Values in Economic Life Section 3: Interpreting Frank Knight and Chicago Economics8. Frank H. Knight, Max l3