03/25/2025 | News release | Distributed by Public on 03/25/2025 09:06
"Profit, 'arises out of the inherent, absolute unpredictability of things, out of the sheer brute fact that the results of human activity cannot be anticipated and then only in so far as even a probability calculation in regard to them is impossible and meaningless.'" University of Chicago economist Frank Knight quoted in Milton Friedman: The Last Conservative; Jennifer Burns; Farrar, Straus, and Giroux, 2023.