Risk, Uncertainty, and Profit
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Risk, Uncertainty, and Profit
- Frank H. Knight (author)
This careful work investigating the nature of profits also includes material on the institutional structure of firms and the distribution of residuals, particularly in Part III, Chapter IX-X. It contains an interesting discussion of the difference between risk and uncertainty.
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Table of Contents
- Back to Top
- CONTENTS
- Preface
- Econlib Editor's Notes
- Author's Preface
- Part I: INTRODUCTORY
- Part I, Chapter I: The Place of Profit and Uncertainty in Economic Theory
- Part I, Chapter II: Theories of Profit;13 Change and Risk in Relation to Profit
- Part II: PERFECT COMPETITION
- Part II, Chapter III: The Theory of Choice and of Exchange
- Part II, Chapter IV: Joint Production and Capitalization
- Part II, Chapter V: Change and Progress with Uncertainty Absent
- Part II, Chapter VI: Minor Prerequisites for Perfect Competition
- Part III: IMPERFECT COMPETITION THROUGH RISK AND UNCERTAINTY
- Part III, Chapter VII: The Meaning of Risk and Uncertainty
- Part III, Chapter VIII: Structures and Methods for Meeting Uncertainty
- Part III, Chapter IX: Enterprise and Profit
- Part III, Chapter X: Enterprise and Profit (continued) The Salaried Manager
- Part III, Chapter XI: Uncertainty and Social Progress
- Part III, Chapter XII: Social Aspects of Uncertainty and Profit
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