Risk, Uncertainty, and Profit (Paperback)

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.

General

Imprint:	Signalman Publishing
Country of origin:	United States
Release date:	August 2009
First published:	August 2009
Editors:	John McClure
Authors:	Frank H. Knight
Dimensions:	254 x 203 x 14mm (L x W x T)
Format:	Paperback - Trade
Pages:	260
ISBN-13:	978-0-9840614-2-6
Categories:	Books > Business & Economics > Business & management > Ownership & organization of enterprises > Entrepreneurship Promotions
LSN:	0-9840614-2-8
Barcode:	9780984061426

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