Knight shaped Friedman’s worldview about economics’ limits rather than specific doctrines.

Evidence

Friedman was less explicit about Frank Knight’s infl uence, which he admitted was “certainly not on par tic u lar points” but rather “on general outlook or general philosophy, general feeling of the limitations of economics and of what economic theory could do.” — Angus Burgin, The Great Persuasion, 398

Categorization

• XREF: connects to: Friedman stripped corporate profit maximization of Knight’s built-in moral caveats — Angus Burgin, The Great Persuasion: Reinventing Free…, 478; Knight was a critic, not a free-market advocate — Angus Burgin, The Great Persuasion: Reinventing Free…, 94; Knight wrote paradoxically on purpose because language cannot capture complex economic reality. — Angus Burgin, The Great Persuasion: Reinventing Free…, 126