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
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it.
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 ...
Knight defined uncertain situations as those in which the outcome was unknowable, whereas risky situations were those in which the outcome wa
"First published in 1921 by Hart, Schaffner & Marx, Boston, Houghton Mifflin Company, The Riverside Press, Cambridge"--P. iii.
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.
According to E.T. Bell, a noted historian of mathematics, Pascal was perhaps the greatest mighthave-been in the ... it makes us appreciate with exactitude what reasonable minds feel by a sort of instinct, often without being able to ...
A collection of refereed articles on topics in economic methodology and the history of economics, including Austrian economic methodology and Wesley Mitchell.
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.
In the winning pages of Finance and Philosophy, Her Majesty can find the answer.