McClure, John
Risk, Uncertainty, and Profit
- ISBN 13:
- 9780984061426
- author:
- McClure, John
- format:
- Paperback
- publisher:
- Signalman Publishing
- language:
- English
- Publication Year:
- 2009
- Pages:
- 260
- Dimensions:
- 25.4 x 20.3 x 1.4 centimeters (0
- Genre:
- Business, Economics, Microeconomics,
- Condition:
- New
- Availability:
- Item usually sent within 5 working days
Description
Frank Knight's influential work "Risk, Uncertainty and Profit" (1921) remains a seminal text in economics. In it, Knight distinguished between "risk" and "uncertainty", outlining the role of entrepreneurs in his theory of profit and presenting an early version of the law of variable proportions in production theory.
This book is a valuable resource for anyone studying economics, offering insights into the fundamental concepts that underpin economic decision-making. Its enduring relevance makes it a worthwhile read for those interested in understanding the principles of business and economics.
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