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Risk, Uncertainty, and Profit
The Economic Theory of Uncertainty in Business Enterprise, and its Connection to Profit and Prosperity in Society (Hardcover)
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- 216 pages
- 8 hours of reading
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The book presents a pivotal exploration of economic theory by differentiating between risk and uncertainty. It asserts that risk is quantifiable, allowing for measurement, while uncertainty remains immeasurable and elusive. This distinction has significant implications for understanding profit and decision-making in economic contexts, making it a crucial read for those interested in the foundations of economic thought.
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Risk, Uncertainty, and Profit, Frank H. Knight
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- Released
- 2018
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- (Hardcover)
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