Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your mobile phone number.
Risk, Uncertainty and Profit Hardcover – November 1, 2006
|New from||Used from|
Customers who viewed this item also viewed
What other items do customers buy after viewing this item?
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 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. --This text refers to the Paperback edition.
About the Author
Frank Hyneman Knight (1885-1972) was one of the original founders of the Chicago School of Economics. He was Morton D. Hall Distinguished Service Professor, Emeritus, of Social Science and Philosophy and was most famous for his work on the distinction between economic risk and uncertainty. He is the author of many works, including Risk, Uncertainty, and Profit; Intelligence and Democratic Action; and Freedom and Reform. --This text refers to the Paperback edition.
Discover books for all types of engineers, auto enthusiasts, and much more. Learn more
Top customer reviews
The mental rigor demonstrated by the author is extraordinary in presenting a working model of the social world we live in; tying economics, epistemology and politics together.
This is not light-reading, but the effort is justified for anyone interested in the workings of the socio-economic fabric of our society.
But - it's important to note Knight is a genius and he makes several points in this book.
Most recent customer reviews
The more the market changes, the more it remains the same
Get this book and read it