Risk, Uncertainty and Profit

Risk, Uncertainty and Profit

Editorial Reviews
Book Description
We live in a world full of contradiction and paradox, a fact of which perhaps the most fundamental illustration is this: that the existence of a problem of knowledge depends on the future being different than the past, while the possibility of the solution of the problem depends on the future being like the past. - from Chapter XI: Uncertainty and Social Progress

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 profit-making. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read.

From the Publisher
COSIMO CLASSICS offers distinctive titles by the great authors and thinkers who have inspired, informed and engaged readers throughout the ages.

Risk, Uncertainty and Profit

Risk, Uncertainty and Profit,Frank H. Knight,Cosimo,1596052422,Business / Economics / Finance,Economics - General,Economics - Microeconomics,Entrepreneurship,Military Science

Hot Books:

1. Rma Annual Statement Studies 2001-2002: With License (Valusource Accounting Software Products)
2. Robert's Rules in Plain English
3. Root Cause Analysis: Improving Performance for Bottom-Line Results, Second Edition
4. Quantitative Data Analysis with SPSS Release 12.0; A Guide for Social Scientist
5. Quantitative Models in Accounting
6. Quantitative Models in Marketing Research
7. Queer Globalizations: Citizenship and the Afterlife of Colonialism
8. QuickBooks Pro 99 For Accounting
9. Quicken® 2000 Bible
10. Quicken 2000 for Macintosh: Visual QuickStart Guide (2nd Edition)

Hot Books

Recommended Books

1. Best of Wildlife Art 2
2. Mutts Sunday Evenings : A Mutts Treasury
3. A Beautiful Mind: The Shooting Script
4. The Nature and Determinants of Disclosure Adequacy
5. A Dictionary of Human Resource Management
6. Agricultural cooperative banks and farmers of SC, ST, and other castes
7. An Introduction to Organosulfur Chemistry
8. Analysis and Design of Vertical Cavity Surface Emitting Lasers
9. A Modern Herbal
10. 50 Ways to Lower Cholesterol
11. A New Life: My Pet's Adoption
12. A Baby's Garden : Introducing Your Baby to the Joys of the Garden
13. America's Lost War: Vietnam: 1945-1975
14. A Travel Guide to Scientific Sites of the British Isles: A Guide to the People, Places and Landmarks
15. A Morning Cup of Tai Chi : One 15-Minute Routine To Nurture Your Body, Mind, And Spirit