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Risk, Uncertainty and Profit (Dover Books on History, Political and Social Science)

Frank H. Knight




[PDF.iv63] Risk, Uncertainty and Profit (Dover Books on History, Political and Social Science)

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 | #907688 in eBooks |  2012-03-09 |  2012-02-10 | File type: PDF

||0 of 0 people found the following review helpful.| Hugely important in its day, and now forgotten|By G. Gruber|This is a very academic textbook, suitable mostly for the undergraduate level in economics (I can not imagine an advanced degree candidate not already being familiar with Prof Knight's expositions not only having read Knight for themselves, but for the inclusion of Knight's work in other more up-to-date material). I h|From the Publisher||From the Back Cover|A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the i

One of the twentieth century's most influential economics texts, Risk, Uncertainty and Profit provided the theoretical basis of the entrepreneurial American economy during the post-industrial era. This revolutionary work taught the world how to systematically distinguish between risk (randomness with knowable probabilities), and uncertainty (randomness with unknowable probabilities), in order to accurately and properly ascertain a venture's potential profitab...

You easily download any file type for your device.Risk, Uncertainty and Profit (Dover Books on History, Political and Social Science)   |  Frank H. Knight. Which are the reasons I like to read books. Great story by a great author.

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