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Risk, Uncertainty and Profit (Dover Books on History, Political and Social Science)
Risk Uncertainty and Profit - Dover Books on History, Political and Social Science Author:Frank H. Knight This revolutionary work taught the world how to systematically distinguish between risk ? randomness with knowable probabilities ? and uncertainty ? randomness with unknowable probabilities ? in order to accurately and properly ascertain a venture's potential profitability. Knight's methodology served as the foundation of the Chicago School of E... more »conomics.« less