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2014 Reprint of 1921 Edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. In economics, "Knightian uncertainty" is risk that is immeasurable, impossible to calculate. Knightian uncertainty is named after University of Chicago economist... Read Full 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... Read Full 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... Read Full Overview

One of the twentieth century's most influential economics texts, Risk, Uncertainty and Profit provided the theoretical basis of the entrepreneurial American economy during the post-industrial era. This revolutionary work taught the world how to systematically distinguish... Read Full 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... Read Full Overview

This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it.

This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely... Read Full Overview

Risk, Uncertainty and Profit is a classic book written by economist Frank Hyneman Knight, first published in 1921. The book is a comprehensive analysis of the concepts of risk and uncertainty in economics and business. The author argues that risk and uncertainty are two distinct... Read Full Overview

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... Read Full Overview

Risk, Uncertainty and Profit is a classic book written by Frank Hyneman Knight, an American economist and professor at the University of Chicago. The book was first published in 1921 and is considered one of the most influential works on economics and decision-making.The book... Read Full Overview

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... Read Full Overview

This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it.

This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely... Read Full Overview

This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it.

This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely... Read Full Overview