This revolutionary work taught the world how to systematically distinguish between risk — randomness with knowable probabilities — and uncertainty — randomness with unknowable probabilities — in order to accurately and properly ascertain a venture's potential profitability. Knight's methodology served as the foundation of the Chicago School of Economics.
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FRANK H. KNIGHT (1885-1972) was a graduate of the University of Tennessee where he received a Bachelor of Science degree and a Master of Arts degree. He then pursued his doctorate in Economics at Cornell University, studying under Professors Alvin Johnson and Allyn Young. This was where he completed his dissertation Cost, Value and Profit in 1916 which formed the basis of his later book Risk, Uncertainty, and Profit. Knight then joined the faculty of the University of Chicago where he eventually became chair of the Department of Economics. In this role, Knight was an early leader of what came to be known as the "first" Chicago school of economics. He was a prolific writer and had a great deal of influence on a generation of economists.Contenuti:
Preface to the First Edition Preface to the 1933 Edition Preface to the 1948 Edition Preface to the 1957 Edition Part One: Introductory I. The Place of Profit and Uncertainty in Economic Theory II. Theories of Profit; Change and Risk in Relation to Profit Part Two: Perfect Competition III. The Theory of Choice and of Exchange IV. Joint Production and Capitalization V. Change and Progress with Uncertainty Absent VI. Minor Prerequisites for Perfect Competition Part Three: Imperfect Competition Through Risk and Uncertainty VII. The Meaning of Risk and Uncertainty VIII. Structures and Methods for Meeting Uncertainty IX. Enterprise and Profit X. Enterprise and Profit. The Salaried Manager XI. Uncertainty and Social Progress XII. Social Aspects of Uncertainty and Profit Index
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Descrizione libro Dover Pubns, 2006. PAP. Condizione libro: New. New Book. Shipped from US within 10 to 14 business days. Established seller since 2000. Codice libro della libreria V0-9780486447759
Descrizione libro Dover Publishers. Condizione libro: New. Brand New. Codice libro della libreria 0486447758
Descrizione libro Dover Publications, 2006. Paperback. Condizione libro: New. book. Codice libro della libreria 0486447758
Descrizione libro Dover Publications, 2006. Paperback. Condizione libro: New. Codice libro della libreria DADAX0486447758
Descrizione libro Dover Pubns, 2006. Paperback. Condizione libro: Brand New. 381 pages. 8.25x5.25x0.75 inches. In Stock. Codice libro della libreria zk0486447758
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