Risk, Uncertainty, and Profit by Frank H. Knight

Risk, Uncertainty, and Profit

Frank H. Knight

260 pages first pub 1921 (editions)

nonfiction business economics challenging informative reflective slow-paced
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Frank Knight's famous dissertation "Risk, Uncertainty and Profit" (1921) remains one of the most interesting reads in economics even today. In it, Knight made his famous distinction between "risk" (randomness with knowable probabilities) and "unce...

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