Frank Knight, a renowned American economist, is synonymous with profound contributions to the field of economics. This extraordinary economist’s empirical work primarily focused on risk, uncertainty, and entrepreneurship. Knight’s name is frequently interchanged with foundational concepts such as Knightian uncertainty, Knightian entrepreneurship, and Knightian economics. He extensively examined the role of uncertainty in economic decision-making, emphasizing the distinction between risk and uncertainty. Knight’s ideas became instrumental in shaping economists' understanding of uncertainty and its influence on market behavior. His work remains influential in contemporary economics, stimulating further research and analysis. Undoubtedly, Frank Knight's name is inextricably linked with pioneering theories that continue to shape the economic discipline.