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Article: The heterodox economics of "the most orthodox of orthodox economists": Frank H. Knight.
- Article from:
- The American Journal of Economics and Sociology
- Article date:
- July 1, 1997
- Author:
CopyrightCOPYRIGHT 1997 Blackwell Publishers Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Orthodoxy and Heterodoxy
Joseph Dorfman in his The Economic Mind in American Civilization, referred to Frank Knight as a "militant expositor of neoclassicism" and listed him, along with Jacob Viner, as "among the most sophisticated and able defenders of the neoclassical system" (1959, 467). In their book, The Academic Scribblers, William Breit and Roger Ransom describe Knight as the "Philosopher of the Counterrevolution in Economics" and said that those who followed his way of thinking became progenitors of the "new neoclassicism." They asserted (1982, 199) that a primary element upon which the "new neoclassicism" was erected was Knight's rehabilitation of ...