ISBN 10: 1614276390 / ISBN 13: 9781614276395
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Sinopsis: 2014 Reprint of 1921 Edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. In economics, "Knightian uncertainty" is risk that is immeasurable, impossible to calculate. Knightian uncertainty is named after University of Chicago economist Frank Knight (1885-1972), who distinguished risk and uncertainty in his work "Risk, Uncertainty, and Profit": "Uncertainty must be taken in a sense radically distinct from the familiar notion of Risk, from which it has never been properly separated.... The essential fact is that 'risk' means in some cases a quantity susceptible of measurement, while at other times it is something distinctly not of this character; and there are far-reaching and crucial differences in the bearings of the phenomena depending on which of the two is really present and operating.... It will appear that a measurable uncertainty, or 'risk' proper, as we shall use the term, is so far different from an unmeasurable one that it is not in effect an uncertainty at all." Knight's works remains a classic text to this day.

From the Back Cover: A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read.

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1.

Knight, Frank H.
Editorial: Martino Fine Books
ISBN 10: 1614276390 ISBN 13: 9781614276395
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Descripción Martino Fine Books. PAPERBACK. Estado de conservación: Fine. 1614276390 Clean and Unmarked Copy. Nº de ref. de la librería TRD000099555

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Knight, Frank H.
Editorial: Martino Fine Books (2017)
ISBN 10: 1614276390 ISBN 13: 9781614276395
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Descripción Martino Fine Books, 2017. Paperback. Estado de conservación: New. Never used! This item is printed on demand. Nº de ref. de la librería 1614276390

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Knight, Frank H.
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ISBN 10: 1614276390 ISBN 13: 9781614276395
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Descripción Martino Fine Books 5/31/2014, 2014. Paperback or Softback. Estado de conservación: New. Risk Uncertainty and Profit. Book. Nº de ref. de la librería BBS-9781614276395

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Frank H Knight
Editorial: Martino Fine Books (2014)
ISBN 10: 1614276390 ISBN 13: 9781614276395
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Descripción Martino Fine Books, 2014. Paperback. Estado de conservación: New. Language: English . Brand New Book ***** Print on Demand *****. 2014 Reprint of 1921 Edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. In economics, Knightian uncertainty is risk that is immeasurable, impossible to calculate. Knightian uncertainty is named after University of Chicago economist Frank Knight (1885-1972), who distinguished risk and uncertainty in his work Risk, Uncertainty, and Profit Uncertainty must be taken in a sense radically distinct from the familiar notion of Risk, from which it has never been properly separated. The essential fact is that risk means in some cases a quantity susceptible of measurement, while at other times it is something distinctly not of this character; and there are far-reaching and crucial differences in the bearings of the phenomena depending on which of the two is really present and operating. It will appear that a measurable uncertainty, or risk proper, as we shall use the term, is so far different from an unmeasurable one that it is not in effect an uncertainty at all. Knight s works remains a classic text to this day. Nº de ref. de la librería AAV9781614276395

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Frank H Knight
Editorial: Martino Fine Books, United States (2014)
ISBN 10: 1614276390 ISBN 13: 9781614276395
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Descripción Martino Fine Books, United States, 2014. Paperback. Estado de conservación: New. Language: English . Brand New Book ***** Print on Demand *****.2014 Reprint of 1921 Edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. In economics, Knightian uncertainty is risk that is immeasurable, impossible to calculate. Knightian uncertainty is named after University of Chicago economist Frank Knight (1885-1972), who distinguished risk and uncertainty in his work Risk, Uncertainty, and Profit Uncertainty must be taken in a sense radically distinct from the familiar notion of Risk, from which it has never been properly separated. The essential fact is that risk means in some cases a quantity susceptible of measurement, while at other times it is something distinctly not of this character; and there are far-reaching and crucial differences in the bearings of the phenomena depending on which of the two is really present and operating. It will appear that a measurable uncertainty, or risk proper, as we shall use the term, is so far different from an unmeasurable one that it is not in effect an uncertainty at all. Knight s works remains a classic text to this day. Nº de ref. de la librería AAV9781614276395

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Knight, Frank H.
Editorial: Martino Fine Books (2016)
ISBN 10: 1614276390 ISBN 13: 9781614276395
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Descripción Martino Fine Books, 2016. Paperback. Estado de conservación: New. PRINT ON DEMAND Book; New; Publication Year 2016; Not Signed; Fast Shipping from the UK. No. book. Nº de ref. de la librería ria9781614276395_lsuk

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Frank H. Knight
Editorial: Martino Fine Books
ISBN 10: 1614276390 ISBN 13: 9781614276395
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Descripción Martino Fine Books. Paperback. Estado de conservación: New. Paperback. 394 pages. Dimensions: 8.9in. x 5.9in. x 1.0in.2014 Reprint of 1921 Edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. In economics, Knightian uncertainty is risk that is immeasurable, impossible to calculate. Knightian uncertainty is named after University of Chicago economist Frank Knight (1885-1972), who distinguished risk and uncertainty in his work Risk, Uncertainty, and Profit: Uncertainty must be taken in a sense radically distinct from the familiar notion of Risk, from which it has never been properly separated. . . . The essential fact is that risk means in some cases a quantity susceptible of measurement, while at other times it is something distinctly not of this character; and there are far-reaching and crucial differences in the bearings of the phenomena depending on which of the two is really present and operating. . . . It will appear that a measurable uncertainty, or risk proper, as we shall use the term, is so far different from an unmeasurable one that it is not in effect an uncertainty at all. Knights works remains a classic text to this day. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Paperback. Nº de ref. de la librería 9781614276395

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Frank H Knight
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ISBN 10: 1614276390 ISBN 13: 9781614276395
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Descripción Martino Fine Books, 2014. Paperback. Estado de conservación: New. Language: English . This book usually ship within 10-15 business days and we will endeavor to dispatch orders quicker than this where possible. Brand New Book. 2014 Reprint of 1921 Edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. In economics, Knightian uncertainty is risk that is immeasurable, impossible to calculate. Knightian uncertainty is named after University of Chicago economist Frank Knight (1885-1972), who distinguished risk and uncertainty in his work Risk, Uncertainty, and Profit Uncertainty must be taken in a sense radically distinct from the familiar notion of Risk, from which it has never been properly separated. The essential fact is that risk means in some cases a quantity susceptible of measurement, while at other times it is something distinctly not of this character; and there are far-reaching and crucial differences in the bearings of the phenomena depending on which of the two is really present and operating. It will appear that a measurable uncertainty, or risk proper, as we shall use the term, is so far different from an unmeasurable one that it is not in effect an uncertainty at all. Knight s works remains a classic text to this day. Nº de ref. de la librería LIE9781614276395

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Frank H. Knight
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ISBN 10: 1614276390 ISBN 13: 9781614276395
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Descripción Martino Fine Books, 2014. Paperback. Estado de conservación: New. book. Nº de ref. de la librería M1614276390

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Descripción Martino Fine Books, 2014. Estado de conservación: New. This item is printed on demand for shipment within 3 working days. Nº de ref. de la librería LP9781614276395

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