Risk, Uncertainty and Profit - (Dover Books on History, Political and Social Science) by Frank H Knight (Paperback)

This groundbreaking book by Frank H.

Knight, Risk, Uncertainty and Profit, revolutionized the field of economics and continues to be a cornerstone of modern economic theory.

With its in-depth analysis of the differences between risk and uncertainty, this book provides a comprehensive understanding of how to accurately assess a venture's potential profitability.

As the foundation of the Chicago School of Economics, Knight's methodology emphasizes the importance of competition in a free market economy for achieving economic health.

Despite being written over 100 years ago, Knight's reasoning remains valid today and continues to be taught in economics classes around the world.

This book is a must-read for anyone interested in understanding the complexities of economics and how they impact business decisions.