Economic Organization Author:Frank Knight This set of lecture notes prepared at Iowa University in the early 1920's, presents Knight's integrated approach to the economy as a social organization. Of particular note are a circular flow model of the economy, a revised statement of the law of variable proportions and an emphasis on the equalization of returns at the margin. "It contains th... more »e elements of theory that helped to establish for Chicago its eminence in neoclassical economics." International Encyclopedia of the Social Sciences. "Took on the status of a minor classic ... Some ... features ... have become standard ingredients of virtually every introductory textbook." M. Blaug Great Economists Before Keynes« less