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Frank Hyneman Knight November 7 1885 April 15 1972 was an American economist who spent most of his career at the University of Chicago where he became one of the founders of the Chicago SchoolNobel laureates Milton Friedman George Stigler and James M. Another basic principle of laissez-faire holds that markets should naturally be competitive a rule that the early advocates of laissez-faire always emphasized.
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Ronald Coase said that Knight without teaching him was a.
. Buchanan were all students of Knight at Chicago. With the aims of maximizing freedom by allowing markets to self-regulate early advocates of laissez-faire proposed a impôt unique a tax on land rent similar to Georgism to.
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