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Posted December 26, 2012
Posted February 6, 2010
A classic work from acclaimed economist Frank Knight
From one of the most influential American economists of the "Chicago School" of economics, this important work discusses the distinction between "risk" (randomness with knowable probabilities) and "uncertainty" (randomness with unknowable probabilities), and sets forth the role of the entrepreneur in a distinctive theory of profit.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
For any student of economics or the history of economics, this work has been established as a classic in the field and, indeed, is a must read.
Posted January 18, 2010
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