This revolutionary work taught the world how to systematically distinguish between risk - randomness with knowable probabilities - and uncertainty - randomness with unknowable probabilities - in order to accurately and properly ascertain a venture's potential profitability. Knight's methodology served as the foundation of the Chicago School of Economics.
Buy Risk, Uncertainty and Profit book by Frank H. Knight from Australia's Online Independent Bookstore, Boomerang Books.
(217mm x 162mm x 22mm)
Dover Publications Inc.
Publisher: Dover Publications Inc.
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