Cover
Table of Contents
Preface
Author's Preface
Part I Introductory
I.I The Place of Profit and Uncertainty in Economic Theory
I.II Theories of Profit; Change and Risk in Relation to Profit
Part II Perfect Competition
II.III Theory of Choice and of Exchange
II.IV Joint Production and Capitalization
II.V Change and Progress with Uncertainty Absent
II.VI Minor Prerequisites for Perfect Competition
Part III Imperfect Competition through Risk and Uncertainty
III.VII The Meaning of Risk and Uncertainty
III.VIII Structures and Methods for Meeting Uncertainty
III.IX Enterprise and Profit
III.X Enterprise and Profit (continued)
The Salaried Manager
III.XI Uncertainty and Social Progress
III.XII Social Aspects of Uncertainty and Profit
Articles EconLog EconTalk Books Encyclopedia Guides Search

Risk, Uncertainty, and Profit

Frank H. Knight
Knight, Frank H.
(1885-1972)
CEE
Display paragraphs in this book containing:
Editor/Trans.
First Pub. Date
1921
Publisher/Edition
Boston, MA: Hart, Schaffner & Marx; Houghton Mifflin Co.
Pub. Date
1921
Comments
1st edition. Based on award-winning dissertation essay.
PRINT CITE COPYRIGHT
Start PREVIOUS
3 of 16
NEXT End

Preface

P.1

This series of books owes its existence to the generosity of Messrs. Hart, Schaffner & Marx, of Chicago, who have shown a special interest in trying to draw the attention of American youth to the study of economic and commercial subjects. For this purpose they have delegated to the undersigned committee the task of selecting or approving of topics, making announcements, and awarding prizes annually for those who wish to compete.

P.2

For the year ending June 1, 1917, there were offered:

P.3

In Class A, which included any American without restriction, a first prize of $1000, and a second prize of $500.

P.4

In Class B, which included any who were at the time undergraduates of an American college, a first prize of $300, and a second prize of $200.

P.5

Any essay submitted in Class B, if deemed of sufficient merit, could receive a prize in Class A.

P.6

The present volume, submitted in Class A, was awarded second prize in that class.

J. LAURENCE LAUGHLIN, Chairman
University of Chicago
J. B. CLARK
Columbia University
HENRY C. ADAMS
University of Michigan
EDWIN F. GAY
N.Y. Evening Post
THEODORE E. BURTON
New York City

Start PREVIOUS
3 of 16
NEXT End

Return to top
Copyright ©2000
Liberty Fund, Inc.
All Rights Reserved
Liberty Fund logo, amagi symbol
The cuneiform inscription in the Liberty Fund logo is the earliest-known written appearance of the word "freedom" (amagi), or "liberty." It is taken from a clay document written about 2300 B.C. in the Sumerian city-state of Lagash.