Risk, Uncertainty and Profit - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Risk, Uncertainty and Profit write by Frank H. Knight. This book was released on 2006-11-01. Risk, Uncertainty and Profit available in PDF, EPUB and Kindle. 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. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.
Risk, Uncertainty and Profit
Risk, Uncertainty and Profit - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Risk, Uncertainty and Profit write by Frank H. Knight. This book was released on 2012-03-09. Risk, Uncertainty and Profit available in PDF, EPUB and Kindle. DIVThis enduring economics text provided the theoretical basis of the entrepreneurial American economy during the post-industrial era. A revolutionary work, it taught the world how to systematically distinguish between risk and uncertainty. /div
J.M. Keynes Versus F.H. Knight
J.M. Keynes Versus F.H. Knight - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook J.M. Keynes Versus F.H. Knight write by Yasuhiro Sakai. This book was released on 2019-06-28. J.M. Keynes Versus F.H. Knight available in PDF, EPUB and Kindle. This book critically discusses and systematically compares J.M. Keynes and F. H. Knight, two giants in the history of economic thought. In 1921 they both published apparently similar books on risk, probability, and uncertainty. However, while Knight's contribution on risk and uncertainty is now well recognized, Keynes's work on probability and uncertainty has been somewhat ignored in the shadow of his more famous The General Theory of Employment, Interest and Money (1936). Focusing on an earlier yet equally important volume by Keynes, A Treatise on Probability (1921), this book sheds a light on his outstanding ideas and the lasting influence on his later works, including The General Theory. There are few books that systematically discuss Keynes and Knight, although there are remarkable comparisons between Keynes's concept of probability and uncertainty and Knight's distinction between a measurable risk and a non-measurable uncertainty. This timely book unifies Keynes and Knight into a new, comprehensive approach to a very complex human behavior
Risk, Uncertainty and Profit
Risk, Uncertainty and Profit - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Risk, Uncertainty and Profit write by Frank Hyneman Knight. This book was released on 1921. Risk, Uncertainty and Profit available in PDF, EPUB and Kindle.
Finance and Philosophy
Finance and Philosophy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Finance and Philosophy write by Alex J. Pollock. This book was released on 2019-08-20. Finance and Philosophy available in PDF, EPUB and Kindle. Taking the 2008 financial crisis as his jumping off point, Alex Pollock deftly illustrates how private firms and governments alike have failed to understand the shifting risks that financial systems create. With candor, clarity, and wit, he uncovers the persistent uncertainties inherent in banking, central banking, and economics. “At the height of the 2008 financial panic, Queen Elizabeth plaintively asked why nobody saw it coming. In the winning pages of Finance and Philosophy, Her Majesty can find the answer. With a lightness of touch that belies the complexity of his subject, Alex Pollock shows why the financial future is now, why it has been and always must be a closed book. A successful banker and gifted writer, Pollock tells us all we need to know about money and banking, risk and uncertainty, debt and temptation, and science and economics. He delights as he instructs.”—James Grant, founder and editor, Grant’s Interest Rate Observer “Why can’t human beings take the lessons of boom and bust, bubbles and crashes that are clearly described in history books—and learn from experience? That’s where Mr. Pollock’s wry humor and philosophic bent help understand the hubris that makes every generation believe that not only can it predict the markets, but control them . . . [Finance and Philosophy] should be required reading in economics classes, or before opening an investment account—and by every member of Congress.”—The Washington Times Alex J. Pollock is a distinguished senior fellow at the R Street Institute in Washington, DC. He was a resident fellow at the American Enterprise Institute from 2004 to 2015, and President and Chief Executive Officer of the Federal Home Loan Bank of Chicago from 1991 to 2004.
