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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

Hardcover

EconomicsInvesting & FinanceGeneral Political Science

ISBN10: 1602060053
ISBN13: 9781602060050
Publisher: Cosimo Classics
Published: Nov 1 2006
Pages: 400
Weight: 1.55
Height: 1.60 Width: 5.80 Depth: 8.70
Language: English
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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