||0 of 0 people found the following review helpful.| Hugely important in its day, and now forgotten|By G. Gruber|This is a very academic textbook, suitable mostly for the undergraduate level in economics (I can not imagine an advanced degree candidate not already being familiar with Prof Knight's expositions not only having read Knight for themselves, but for the inclusion of Knight's work in other more up-to-date material). I|From the Publisher||From the Back Cover|A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the
We live in a world full of contradiction and paradox, a fact of which perhaps the most fundamental illustration is this: that the existence of a problem of knowledge depends on the future being different than the past, while the possibility of the solution of the problem depends on the future being like the past. -from Chapter XI: Uncertainty and Social Progress
A timeless classic of economic theory that remains fascinating and pertinent today, this is F...
[PDF.oo40] Risk, Uncertainty and Profit Rating: 3.61 (656 Votes)
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You can specify the type of files you want, for your gadget.Risk, Uncertainty and Profit | Frank H. Knight. Which are the reasons I like to read books. Great story by a great author.
