Risk, Uncertainty and Profit Rediscovered in modern times

Rediscovered in modern times

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Risk, Uncertainty and Profit Rediscovered in modern timesOne of the twentieth century's most influential economics texts, Risk, Uncertainty and Profit provided the theoretical basis of the entrepreneurial American economy during the post industrial era. 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