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risk, uncertainty, and profit
Frank H. Knight
(Author)
·
John McClure
(Illustrated by)
·
Signalman Publishing
· Paperback
risk, uncertainty, and profit - McClure, John ; Knight, Frank H.
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Origin: U.S.A.
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Synopsis "risk, uncertainty, and profit"
Frank Knight's famous dissertation "Risk, Uncertainty and Profit" (1921) remains one of the most interesting reads in economics even today. In it, Knight made his famous distinction between "risk" (randomness with knowable probabilities) and "uncertainty" (randomness with unknowable probabilities), set forth the role of the entrepreneur in a distinctive theory of profit and gave one of the earliest presentations of the now-famous law of variable proportions in the theory of production. This work is a must-read for any serious student of economics.
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The book is written in English.
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The binding of this edition is Paperback.
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