Risk, Uncertainty, and Profit

by Frank H. Knight and Knight Frank H. (Frank Hynem 1885-1972

Book Overview

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...

• Format: Paperback
• Language: English
• ISBN: 1684113792
• ISBN13: 9781684113798
• Release Date: February 2022
• Publisher: www.bnpublishing.com
• Length: 390 Pages
• Weight: 1.26 lbs.
• Dimensions: 0.9" x 6.0" x 9.0"