Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Risk, Uncertainty and Profit

Risk, Uncertainty and Profit

Knight, Frank Hyneman

Hardcover

ManagementPersonal FinanceFiction Anthologies

ISBN10: 1498156592
ISBN13: 9781498156592
Publisher: Literary Licensing Llc
Published: Aug 7 2014
Pages: 408
Weight: 1.57
Height: 0.94 Width: 6.00 Depth: 9.00
Language: English
Risk, Uncertainty And Profit is a book written by Frank Hyneman Knight, an American economist, and published in 1921. The book is considered a classic in the field of economics and is widely regarded as one of the most important works on the theory of entrepreneurship.In the book, Knight distinguishes between risk and uncertainty, arguing that risk can be quantified and managed through the use of probability theory, while uncertainty cannot. He argues that entrepreneurs are able to profit from uncertainty by making decisions based on their own judgment and personal experience, rather than relying solely on statistical analysis.Knight also explores the role of competition in the market, arguing that it is necessary for economic growth and innovation. He discusses the concept of perfect competition and the limitations of this model in the real world, as well as the importance of monopolies and the potential for abuse of market power.Overall, Risk, Uncertainty And Profit provides a comprehensive analysis of the nature of entrepreneurship and the role it plays in the economy. The book remains relevant today and is widely cited by economists and business scholars.This Is A New Release Of The Original 1921 Edition.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.

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