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Posted February 6, 2010
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.
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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