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Blackwell's Rare Books
51 Broad StreetWoodbridgeIP12 2NQUnited Kingdom
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+44 1865 333555Andrew Hunter
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USD$9,437

Description

FIRST ENGLISH EDITION, one page of new Preface with pencil question-mark to margin, pp. xl, 381, 8vo, original buff wrappers with printed labels to front and backstrip, that to latter with a chip at one corner, both browned, a few light spots and handling marks, light reading creases to spine, a faintly visible (but not legible) pencil note at head of front, the edges slightly browned, good. A scarce book, particularly so in its original binding of plain wrappers (consistent with other titles in the series), adding a substantial Preface by the author (25pp.) to his original edition of 1921. Knight's major work, assessing the relation of the three terms in its title, based on his doctoral thesis at Cornell University - but here reflected on in maturity, as an established leader of the 'Chicago School'.

About Risk, Uncertainty and Profit

Risk, Uncertainty and Profit, written by Frank H. Knight, is a landmark in economic literature that introduces the distinction between risk, which can be measured and quantified, and uncertainty, which cannot.