Risk, Uncertainty and Profit (Classic Reprint) - Couverture souple

Knight, Frank H.

Couverture souple

ISBN 10 : 1440084726 ISBN 13 : 9781440084720

Editeur : Forgotten Books, 2016

A propos du livre

Présentation de l'éditeur :

This series of books owes its existence to the generosity of Messrs. Hart, Schaffner Marx, of Chicago, who have shown a special interest in trying to draw the attention of American youth to the study of economic and commercial subjects. For this purpose they have delegated to the uudersigned committee the task of selecting or approving of topics, making announcements, and awarding prizes annually for those who wish to compete. For the year ending June 1, 1917, there were offered: In Class A, which included any American without restriction, a first prize of $1000, and a second prize of $500. In Class B, which included any who were at the time undergraduates of an American college, a first prize of $300, and a second prize of $200. A ny essay submitted inC lass B, if deemed of sufficient merit, could receive a prize inC lass A. The present volume, submitted inC lass A, was awarded second prize in that class. J. Laurence Laughlin, Chairman University of Chicago J. B. Clark Columbia University Henry C. A dams University of Michigan Edwin F. Gay N.Y. Evening Post Theodore
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Présentation de l'éditeur :

Risk, Uncertainty, and Profit is a book about economics, and the distinction between risk and uncertainty. Knight defined uncertain situations as those in which the outcome was unknowable, whereas risky situations were those in which the outcome was determined by probability distributions that could be evaluated at the outset. The book is divided into twelve chapters, each of which focuses on a different aspect of Knight's theory. Specific chapters are devoted to the place of profit and uncertainty in economic theory, the theory of choice and exchange, structures and measured for meeting uncertainty, and the social aspects of uncertainty, amongst other topics.

Frank Knight was a talented economist and a skilled writer. His work in Risk, Uncertainty, and Profit surely marks the highpoint of his career and serves as the clearest declaration of his economic philosophies. Both the layman and the keen student of economics will find much to appreciate in this work. Knight spent much of his academic career at the University of Chicago and this title builds on the work Knight completed for his Ph.D. dissertation.

Risk, Uncertainty, and Profit is a thoughtful and influential treatise on the subjects of risk and uncertainty. Knight's work should be considered a must read for passionate students of economics, as well as any individual curious about how the economy functions on both a macro and micro level.

About the Publisher

Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

À propos de cette édition

• Éditeur: Forgotten Books
• Date d'édition: 2016
• ISBN 10: 1440084726
• ISBN 13: 9781440084720
• Reliure: Broché
• Nombre de pages: 396