Most striking feature... is the author's failure to understand the elementary mechanics of the competitive economic organization. (Frank Knight)

Most striking feature... is the author's failure to understand the elementary mechanics of the competitive economic organization.

Frank Knight

Related topics

elementary failure feature mechanics organization

Related quotes

The basic problem of social organization is how to co-ordinate the economic activities of large numbers of people. View quote
Milton Friedman
America's most dangerous diseases have developed an immunity to politics. We suffer not from a failure of political organization or power, but a failure of love. View quote
Cal Thomas
It's a European Union of economic failure, of mass unemployment and of low growth. View quote
Nigel Farage
Then there is the worst part of Christianity, which is awful: power, corruption, manipulation... But then again, these feature are ever present in any organization. View quote
Bruce Kent
Spain is facing an economic situation of extreme difficulty, I repeat, of extreme difficulty, and anyone who doesn't understand that is fooling themselves. View quote
Mariano Rajoy