|
Books > Business & Economics > Economics > Economic theory & philosophy
|
Buy Now
Risk, Uncertainty, and Profit - The Economic Theory of Uncertainty in Business Enterprise, and its Connection to Profit and Prosperity in Society (Hardcover) (Hardcover)
Loot Price: R904
Discovery Miles 9 040
|
|
|
Risk, Uncertainty, and Profit - The Economic Theory of Uncertainty in Business Enterprise, and its Connection to Profit and Prosperity in Society (Hardcover) (Hardcover)
Expected to ship within 10 - 15 working days
|
Risk, Uncertainty, and Profit is a groundbreaking work of economic
theory, distinguishing between risk, which is by nature measurable
and quantifiable, and uncertainty, which can be neither be measured
nor quantified. We begin with an analysis of the functions of
profit, risk and uncertainty in the economy. Frank H. Knight
introduces his work with a discussion on profit and how there are
conflicts about its nature between various economic theorists. As
the title implies, the author's chief concern is the interplay
between making a profit, incurring risk, and determining if there
is uncertainty. Risks are different from uncertainty in that they
can be measured and protected against. For example a location
chosen for a factory or farm may have a measured risk of flooding
in a given year. Businesses, insurers and investors alike can be
made aware of this, and behave according to the quantified risk.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
