Risk, Uncertainty, and Profit: Chapter 1: The Place of Profit and Uncertainty in Economic Theory - Scholar's Choice Edition
by Frank H. Knight
Pages
24
ISBN
9781296048273
Published
2015
Description
Examines the economic concepts of profit, uncertainty, entrepreneurship, and risk within classical and modern economic theory. This standalone reprint focuses specifically on the opening chapter of Frank H. Knight’s infl...Examines the economic concepts of profit, uncertainty, entrepreneurship, and risk within classical and modern economic theory. This standalone reprint focuses specifically on the opening chapter of Frank H. Knight’s influential work on uncertainty and market behavior, discussing how profit emerges in competitive economies and how uncertainty differs from measurable risk in business decision-making and economic systems.
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#economics#money#society#nonfiction
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