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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.

Book Details

ISBN: 9780486447759
ISBN-10: 0486447758
Format: Paperback
(217mm x 162mm x 22mm)
Pages: 448
Imprint: Dover Publications Inc.
Publisher: Dover Publications Inc.
Publish Date: 28-Apr-2006
Country of Publication: United States


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