Risk, Uncertainty and Profit by Frank H. Knight

Risk, Uncertainty and Profit

Frank H. Knight

316 pages first pub 1921 (editions)

nonfiction business economics challenging informative reflective slow-paced
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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, ...

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