Risk, Uncertainty, and Profit

The Economic Theory of Uncertainty in Business Enterprise, and its Connection to Profit and Prosperity in Society (Hardcover)

Autori

• Frank H. Knight

Parametri

• 216 pagine
• 8 ore di lettura

• Commercio e vendita
• Economia e affari
• Filosofia
• Saggistica
• Storia

Maggiori informazioni sul libro

The book presents a pivotal exploration of economic theory by differentiating between risk and uncertainty. It asserts that risk is quantifiable, allowing for measurement, while uncertainty remains immeasurable and elusive. This distinction has significant implications for understanding profit and decision-making in economic contexts, making it a crucial read for those interested in the foundations of economic thought.

Lingua: Inglese

Pubblicato: 2018

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