2015 Reprint of 1945 Edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. Knight wrote about religion and social ethics throughout his career. "The Economic Order and Religion" was a collaborative project with Thornton W. Merriam. The book was intended to bring the differences among Americans' approaches to economic ethics into high relief by presenting two contrasting viewpoints, and allowing the authors to comment on each other's perspective. Prior to collaborating with Merriam, Knight had begun work on a book on religion, economics and social...

2013 Reprint of 1927 Edition. Exact facsimile of the original edition, not reproduced with Optical Recognition Software. Max Weber's "General Economic History" is based on his lecture notes and compiled shortly after his death. In this work Weber proposes an institutional theory of the rise of capitalism in the west. Unlike in his classic work on the Protestant ethic, religion is given a minor role. The emphasis of the work lies instead on the place of the state and calculable law in allowing economic actors to predict exchange for gain. Weber's institutional theory of capitalism was...

2014 Reprint of 1921 Edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. In economics, "Knightian uncertainty" is risk that is immeasurable, impossible to calculate. Knightian uncertainty is named after University of Chicago economist Frank Knight (1885-1972), who distinguished risk and uncertainty in his work "Risk, Uncertainty, and Profit" "Uncertainty must be taken in a sense radically distinct from the familiar notion of Risk, from which it has never been properly separated.... The essential fact is that 'risk' means in some cases a quantity...

2014 Reprint of Original 1935 Edition. Exact facsimile of the original edition, not reproduced with Optical Recognition Software. "The Ethics of Competition" is nothing short of visionary. Knight foresaw virtually all of the reductionist tendencies that have come to plague the discipline he cultivated, neoclassical economic theory. Even more impressively, Knight related these disciplinary proclivities back to themes as grand as the fate of liberal democracy and human nature. Knight believed that the human craving for simple, mechanical explanations inevitably leads to frustration rather than...