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

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Risk, Uncertainty, and Profit

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| Risk, Uncertainty, and Profit

Knight, Frank H.

(1885-1972)

CEE

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End

Card Catalog Information
First Pub. Date 1921
Publisher Boston, MA: Hart, Schaffner & Marx; Houghton Mifflin Co.
Pub. Date 1921
Comments 1st edition. Based on award-winning dissertation essay.
Copyright The text of this edition is in the public domain. Picture of Frank H. Knight courtesy of Ethel V. Knight.
About this Book The text has been altered as little as possible from the original edition (Risk, Uncertainty, and Profit, Frank H. Knight, Ph.D., Associate Professor of Economics in the State University of Iowa; Boston and New York, Houghton Mifflin Co., The Riverside Press, 1921). A few corrections of obvious typos were made for this website edition. However, because the original edition was so internally consistent and carefully proofread, we have erred on the side of caution, allowing some typos (such as for proper nouns and within references) to remain lest someone doing academic research wishes to follow up. We have changed small caps to full caps for ease of using search engines. Lauren Landsburg Editor, Library of Economics and Liberty 2000

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