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Quotation of the Day…

Tweet [1]

… is from page 183 of Frank Knight [2]‘s monumental 1921 book, Risk, Uncertainty, and Profit [3] (footnote deleted):

In addition it is most desirable that some attempt be made to separate the evils for which the form of organization is more or less reasonably blamable from those which are inherent in nature and human nature, or in organization as such, irrespective of its form, and to keep the question in view, in criticizing the exchange system, of whether any other conceivable system would offer any possible chance for change or improvement.