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Risk, Uncertainty, and Profit

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Risk, Uncertainty, and Profit Cover

 

Synopses & Reviews

Synopsis:

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.

Product Details

ISBN:
9780984061426
Author:
Knight, Frank H.
Publisher:
Signalman Publishing
Editor:
McClure, John
Subject:
Entrepreneurship
Subject:
Military Science
Subject:
Economics - Microeconomics
Subject:
Business-Start Up Business
Publication Date:
20090831
Binding:
TRADE PAPER
Language:
English
Pages:
260
Dimensions:
7.99x9.99x.54 in. 1.15 lbs.

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Related Subjects

Business » Small Businesses » General
Business » Start Up Business
History and Social Science » Economics » General
Reference » Science Reference » Technology

Risk, Uncertainty, and Profit New Trade Paper
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Product details 260 pages Signalman Publishing - English 9780984061426 Reviews:
"Synopsis" by , 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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