risk-uncertainty-and-profit

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Risk Uncertainty And Profit

Author : Frank H. Knight
ISBN : 9780486147932
Genre : Business & Economics
File Size : 58. 26 MB
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DIVThis enduring economics text provided the theoretical basis of the entrepreneurial American economy during the post-industrial era. A revolutionary work, it taught the world how to systematically distinguish between risk and uncertainty. /div

Risk Uncertainty And Profit

Author : Frank Hyneman Knight
ISBN : 1587981262
Genre : Business & Economics
File Size : 36. 61 MB
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Role of the entrepreneur in a distinct role of profit.

Risk Uncertainty And Profit

Author : Frank Hyneman Knight
ISBN : 0243844492
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Risk Uncertainty And Profit

Author : Frank H. Knight
ISBN : 0359013082
Genre : Business & Economics
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Risk, Uncertainty, and Profit is a groundbreaking work of economic theory, distinguishing between risk, which is by nature measurable and quantifiable, and uncertainty, which can be neither be measured nor quantified. We begin with an analysis of the functions of profit, risk and uncertainty in the economy. Frank H. Knight introduces his work with a discussion on profit and how there are conflicts about its nature between various economic theorists. As the title implies, the author's chief concern is the interplay between making a profit, incurring risk, and determining if there is uncertainty. Risks are different from uncertainty in that they can be measured and protected against. For example a location chosen for a factory or farm may have a measured risk of flooding in a given year. Businesses, insurers and investors alike can be made aware of this, and behave according to the quantified risk.

Risk Uncertainty And Profit

Author : Knight
ISBN : OCLC:643008012
Genre :
File Size : 88. 79 MB
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Risk Uncertainty And Profit Classic Reprint

Author : Frank H. Knight
ISBN : 1334998019
Genre : Business & Economics
File Size : 45. 64 MB
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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 wa

Risk Uncertainty And Profit

Author : Frank H. Knight
ISBN : 0359013074
Genre : Business & Economics
File Size : 75. 49 MB
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Risk, Uncertainty, and Profit is a groundbreaking work of economic theory, distinguishing between risk, which is by nature measurable and quantifiable, and uncertainty, which can be neither be measured nor quantified. We begin with an analysis of the functions of profit, risk and uncertainty in the economy. Frank H. Knight introduces his work with a discussion on profit and how there are conflicts about its nature between various economic theorists. As the title implies, the author's chief concern is the interplay between making a profit, incurring risk, and determining if there is uncertainty. Risks are different from uncertainty in that they can be measured and protected against. For example a location chosen for a factory or farm may have a measured risk of flooding in a given year. Businesses, insurers and investors alike can be made aware of this, and behave according to the quantified risk.

Risk Uncertainty And Profit

Author : Frank Knight
ISBN : 1622731700
Genre :
File Size : 37. 40 MB
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In Risk, Uncertainty and Profit, Frank Knight explored the riddle of profitability in a competitive market: profit should not be possible under competitive conditions, as the entry of new entrepreneurs would drive prices down and nullify margins, yet evidence abounds of competitive yet profitable markets.To explain this seeming paradox, Knight uncovers the distinction between calculable risk and essentially unknowable uncertainty.Knight argued that risk stems from repeated events, which therefore allow probabilities to be calculated and factored into decisions, as for instance insurers do. Uncertainty however, stems from events that are unpredictable and as such cannot be prepared against.According to Knight, it is the interplay between risk and uncertainty on the one hand and competition between incumbent and new entrepreneurs that accounts for the enormous variation in profitability across firms and, for the same firms, over time. His insights on the sources of profit have been instrumental in shaping modern economic theory and to the development of a useful understanding of probability.This New Edition has been typeset with modern techniques and contains a newly compiled Index of important topics. It has been painstakingly proofread to ensure that it is free from errors and that the content is faithful to the original.

Risk Uncertainty And Profit

Author : Frank Knight
ISBN : 172789720X
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Risk, Uncertainty, and Profit

Risk Uncertainty And Profit By Frank H Knight

Author : Frank Hyneman Knight
ISBN : LCCN:35016561
Genre : Profit
File Size : 23. 31 MB
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Risk Uncertainty And Profit

Author : Frank H. Knight
ISBN : 1296048276
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This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Risk Uncertainty And Profit Scholar S Choice Edition

Author : Frank Hyneman Knight
ISBN : 1294941739
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This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Risk Uncertainty And Profit

Author : Frank Hyneman Knight
ISBN : LCCN:21012860
Genre : Profit
File Size : 65. 10 MB
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Risk Uncertainty And Profit

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ISBN : OCLC:729130977
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File Size : 45. 59 MB
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Research In The History Of Economic Thought And Methodology

Author : Luca Fiorito
ISBN : 9781800711488
Genre : Business & Economics
File Size : 87. 1 MB
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Volume 39C of Research in the History of Economic Thought and Methodology, features a symposium marking the 100th anniversary of the publication of Frank H. Knight’s Risk, Uncertainty, and Profit.

Risk Uncertainty And Profit Boston 1921

Author : Frank Hyneman KNIGHT
ISBN : OCLC:1128346514
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File Size : 88. 64 MB
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Risk Uncertainty And Profit

Author : Frank H Knight
ISBN : 1298048184
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File Size : 62. 4 MB
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This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Risk Uncertainty And Profit Primary Source Edition

Author : Frank H. (Frank Hyneman) 1885-1 Knight
ISBN : 1293770558
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File Size : 87. 33 MB
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This is a reproduction of a book published before 1923. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book.

Notes On The Theory Of Profit

Author : George O'Brien
ISBN : UCAL:$B86879
Genre : Profit
File Size : 50. 78 MB
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Risk Uncertainty And Profit

Author : Frank Hyneman Knight
ISBN : UOM:39015066437495
Genre : Competition
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