Risk, uncertainty and profit
- ISBN: 9780486447759
- Editorial: Dover Publications, Inc.
- Fecha de la edición: 2006
- Lugar de la edición: New York. Estados Unidos de Norteamérica
- Encuadernación: Rústica
- Medidas: 22 cm
- Nº Pág.: 381
- Idiomas: Inglés
Papel: Rústica
28,09 €
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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.
