Книга: Knight Frank Hyneman «Risk, Uncertainty and Profit»

Risk, Uncertainty and Profit

Серия: "-"

Книга представляет собой репринтное издание. Несмотря на то, что была проведена серьезная работа по восстановлению первоначального качества издания, на некоторых страницах могут обнаружиться небольшие "огрехи" :помарки, кляксы и т. п.

Издательство: "Книга по Требованию" (2011)

Купить за 1479 руб в My-shop

Knight, Frank Hyneman

▪ American economist
born November 7, 1885, White Oak township, McLean county, Illinois, U.S.
died April 15, 1972, Chicago, Illinois

      American economist who is considered the main founder of the “Chicago school” of economics.

      Knight was educated at the University of Tennessee and at Cornell University, where he obtained his Ph.D. in 1916. He then taught at the University of Iowa (1919–27) and at the University of Chicago (1927–52), becoming an emeritus professor in 1952. Among his more notable economics students were future Nobel laureates Milton Friedman (Friedman, Milton), George Stigler (Stigler, George J.), and James Buchanan (Buchanan, James M.).

      Knight's book Risk, Uncertainty and Profit, published in 1921, is one of his most important contributions to economics. In it, he makes an important distinction between insurable and uninsurable risks (risk). According to Knight, profit—earned by the entrepreneur who makes decisions in an uncertain environment—is the entrepreneur's reward for bearing uninsurable risk.

      Knight also produced a monograph entitled The Economic Organisation, which became a classic exposition of microeconomic (microeconomics) theory. Its lucidity in perceiving logical distinctions may have been due to Knight's early training as a philosopher, which made him skeptical of much economic theory.

      Another of Knight's important contributions to economics was his 1924 article “Fallacies in the Interpretation of Social Cost,” in which he challenged A.C. Pigou (Pigou, Arthur Cecil)'s view that traffic congestion justified the taxation of roads. If roads were privately owned, wrote Knight, then the profits realized from roadway tolls would help reduce congestion and thereby make government intervention unnecessary. This insight remains part of the conventional economic wisdom.

      Knight wrote extensively on liberal forms of social organization, criticizing attempts at social engineering. In one of his most famous speeches, his 1950 presidential address to the American Economic Association, he delivered a scathing yet humorous attack on government-imposed price controls. He was also a leading critic of the Austrian school of economics and its theory of capital.

* * *

Источник: Knight, Frank Hyneman

Другие книги схожей тематики:

АвторКнигаОписаниеГодЦенаТип книги
Knight Frank HynemanRisk, Uncertainty and ProfitКнига представляет собой репринтное издание. Несмотря на то, что была проведена серьезная работа по… — Книга по Требованию, - Подробнее...2011
1479бумажная книга
Frank Hyneman KnightRisk, Uncertainty and ProfitЭта книга репринт оригинального издания (издательство&34;Houghton Mifflin Company&34;, 1921 год), созданный на основе… — (формат: 148x210мм, 394 стр.) Подробнее...2011
1958бумажная книга
Bob LittermanQuantitative Risk Management. A Practical Guide to Financial RiskState of the art risk management techniques and practices—supplemented with interactive analytics All too often risk management books focus on risk measurement details without taking a broader… — John Wiley&Sons Limited (USD), электронная книга Подробнее...
6178.75электронная книга
Larry ShoverTrading Options in Turbulent Markets. Master Uncertainty through Active Volatility ManagementTop options expert Larry Shover returns to discuss how to interpret, and profit from, market volatility Trading Options in Turbulent Markets, Second Edition skillfully explains the intricacies of… — John Wiley&Sons Limited (USD), электронная книга Подробнее...
4877.96электронная книга
Allan Benjamin S.Enterprise Risk and Opportunity Management. Concepts and Step-by-Step Examples for Pioneering Scientific and Technical OrganizationsRisk management strategy for the pioneering technological sector Enterprise Risk and Opportunity Management provides much-needed guidance tailored specifically to the technological sector. While most… — John Wiley&Sons Limited, электронная книга Подробнее...
5019.08электронная книга
Rick SwopeThe Market Guys'Five Points for Trading Success. Identify, Pinpoint, Strike, Protect and Act!Praise for The Market Guys'Five Points for Trading Success«E*TRADE is a strong advocate of investor education, understanding a knowledgeable investor is a successful investor. The Market Guys have… — John Wiley&Sons Limited (USD), электронная книга Подробнее...
2926.78электронная книга
Shani ShamahA Currency Options PrimerBook DescriptionA quick and concise guide to currency options An understanding of currency options is essential for those working in investment and foreign exchange. A Currency Options Primer sets… — Подробнее...2004
2797.2бумажная книга

См. также в других словарях:

  • Risk — takers redirects here. For the Canadian television program, see Risk Takers. For other uses, see Risk (disambiguation). Risk is the potential that a chosen action or activity (including the choice of inaction) will lead to a loss (an undesirable… …   Wikipedia

  • Uncertainty — For the film of the same name, see Uncertainty (film). Certainty series Agnosticism Belief Certainty Doubt Determinism Epistemology …   Wikipedia

  • risk management — noun The process of determining the maximum acceptable level of overall risk to and from a proposed activity, then using risk assessment techniques to determine the initial level of risk and, if this is excessive, developing a strategy to… …   Wiktionary

  • Knightian uncertainty — In economics, Knightian uncertainty is risk that is immeasurable, not possible to calculate.Knightian uncertainty is named after University of Chicago economist Frank Knight (1885 1972), who distinguished risk and uncertainty in his seminal work… …   Wikipedia

  • Common-cause and special-cause — Type of variation Synonyms Common cause Chance cause Non assignable cause Noise Natural pattern Special cause Assignable cause Signal Unnatural pattern Common and special causes are the two distinct origins of variation in a process, as defined… …   Wikipedia

  • capital and interest — ▪ economics Introduction       in economics, a stock of resources that may be employed in the production of goods and services and the price paid for the use of credit or money, respectively.       Capital in economics is a word of many meanings …   Universalium

Поделиться ссылкой на выделенное

Прямая ссылка:
Нажмите правой клавишей мыши и выберите «Копировать ссылку»