Read Risk, Uncertainty and Profit Books

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Read Book Risk, Uncertainty and Profit Online author by Frank H. Knight. Read or Download Risk, Uncertainty and Profit format Hardcover in 400 and Published 1-11-2006 by Cosimo Classics.

Risk, Uncertainty and Profit
by: Frank H. Knight in Hardcover, 400
Published 1-11-2006 by Cosimo Classics

Risk, Uncertainty and Profit 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 important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.

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