HomeView Cart
Dover HomeStore DirectoryCustomer Service
Risk, Uncertainty and Profit
Save with Free Shipping on orders of $50 or more.Save $20 on orders of $50 or more.
New ReleasesFREE SAMPLESMY ACCOUNTDover's Safe Shopping GuaranteeSave with Free Shipping on orders of $50 or moreFACEBOOKPINTERESTe-signup
Search

Browse More: By Subject > Business and Economics
<p class="pzoomtext">See larger image</p>



Risk, Uncertainty and Profit
Our Price:$16.95
Availability:In Stock
Environment:Made in USA
Author/Editor: Frank H. Knight
ISBN 10:0486447758
Product Info:Details, Table of Contents
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 between risk (randomne...  read more
 


Add this to your cart
(you can always remove it later).

Shopping here is Guaranteed Safe!



Customers who bought this book also bought:


Our Editors also recommend:

The Art of SpeculationThe Art of Speculation 
by Philip L. Carret
This classic presents a complete review of the tools of the speculator and offers a full education on a variety of securities — especially bonds, stocks, and derivatives.

Why You Win or Lose: The Psychology of SpeculationWhy You Win or Lose: The Psychology of Speculation 
by Fred C. Kelly
A successful speculator shares his secrets, showing how to make money through the stock market by using amateur psychology skills and studying crowd reaction to market fluctuations.

The Master Key to RichesThe Master Key to Riches 
by Napoleon Hill
This easy-to-read guide is based on the principles behind the success of Carnegie, Ford, Edison, and other 20th-century tycoons. It offers tips for career advancement, increased wealth, and personal fulfillment.
 

Product Description:

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 between risk (randomness with knowable probabilities), and uncertainty (randomness with unknowable probabilities), in order to accurately and properly ascertain a venture's potential profitability.
Author Frank H. Knight's methodology served as the foundation of the Chicago School of Economics, maintaining that competition in a free market economy is the best method for achieving economic health. In this 1921 book, Knight explains why perfect competition would not necessarily eliminate profits, because of "uncertainty," rather than "risk." He contends that even in long-run equilibrium, entrepreneurs would earn profits as a return for their toleration of uncertainty. Knight's reasoning remains valid in the twenty-first century, and his definitions of risk and uncertainty continue to be taught in modern economics classes.
Sociologist Edward Shils declared Risk, Uncertainty and Profit "a brilliant book," noting its interest not only to economists but also to social philosophers, sociologists, game theorists, and other specialists in social science.
Republication of the Houghton Mifflin Company, New York, 1921 edition.
Back to Top

Product Details:

ISBN 10: 0486447758
ISBN 13: 9780486447759
Author/Editor: Frank H. Knight
Page Count: 448
Dimensions: 5 3/8 x 8 1/2
Publication date: March 2006
Table of Contents: Click here to view the Table of Contents

What people are saying:

Reviews powered by PowerReviews Express
Back to Top


This book was printed in the United States of America.

Dover books are made to last a lifetime. Our US book-manufacturing partners produce the highest quality books in the world and they create jobs for our fellow citizens. Manufacturing in the United States also ensures that our books are printed in an environmentally friendly fashion, on paper sourced from responsibly managed forests.