Publisher's Synopsis
""Risk, Uncertainty and Profit"" is a classic book written by Frank Hyneman Knight, an American economist, in 1921. The book discusses the concepts of risk and uncertainty in economics and how they affect decision-making and profit. Knight argues that risk can be quantified and measured, while uncertainty cannot, which makes it much more difficult to make decisions in uncertain situations. He also explores the role of entrepreneurship in navigating uncertainty and how it can lead to profit. The book is considered a seminal work in the field of economics and has influenced many subsequent works on risk and uncertainty. It is a must-read for anyone interested in economics, business, or decision-making in general.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
