Name: risk, uncertainty, and profit
SKU: 4947874
Price: 371.00 ZAR
Availability: InStock
Author: McClure, John ; Knight, Frank H.
ISBN: 9780984061426

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Type

Physical Book

Author

Frank H. Knight

Illustrated by

John McClure

Publisher

Signalman Publishing

Language

English

Format

Paperback

Dimensions

25.4x20.3x1.4 cm

Weight

0.52 kg.

ISBN

0984061428

ISBN13

9780984061426

Synopsis "risk, uncertainty, and profit"

Frank Knight's famous dissertation "Risk, Uncertainty and Profit" (1921) remains one of the most interesting reads in economics even today. In it, Knight made his famous distinction between "risk" (randomness with knowable probabilities) and "uncertainty" (randomness with unknowable probabilities), set forth the role of the entrepreneur in a distinctive theory of profit and gave one of the earliest presentations of the now-famous law of variable proportions in the theory of production. This work is a must-read for any serious student of economics.

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risk, uncertainty, and profit - McClure, John ; Knight, Frank H.

Synopsis "risk, uncertainty, and profit"

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