Risk, uncertainty and profit / Frank H. Knight ; with an introduction by by George J. Stigler.

Originally published in 1921 by Houghton Mifflin Company.

Includes index.

Part one, Introductory : Chapter I. The place of profit and uncertainty in economic theory -- Chapter II. Theories of profit; change and risk in relation to profit.

Part two, Perfect competition : Chapter III. The theory of choice and of exchange -- Chapter IV. Joint production and capitalization -- Chapter V. Change and progress with uncertainty absent -- Chapter VI. Minor prerequisites for perfect competition.

Part three, Imperfect competition through risk and uncertainty : Chapter VII. The meaning of risk and uncertainty -- Chapter VIII. Structures and methods for meeting uncertainty -- Chapter IX. Enterprise and profit -- Chapter X. Enterprise and profit (continued): the salaried manager -- Chapter XI. Uncertainty and social progress -- Chapter XII. Social aspects of uncertainty and profit.

"[This book] represents an attempt to state the essential principles of the conventional economic doctrine more accurately, and to show their implications more clearly, than has previously been done... The 'practical' justification for the study of general economics is a belief in the possibility of improving the quality of human life through changes in the form of organization of want-satisfying activity." -- From the preface.

Donation from Karl and Elizabeth Niebyl.