Provides a theoretical basis for understanding profit in relation to the entrepreneur. Profit is defined as the residual income accruing to the owner of a business or enterprise. This owner, whether an individual or a group - such as in the case of the corporation - is the entrepreneur, or the...

Frank H. Knight was co-founder of the “Chicago School”. He was, first and foremost, a teacher; a theorist and author second. His work is scattered across many economic journals in essay-form standing on the base of Risk, Uncertainty and Profit, published in 1921. Within the economic world...

Part 1: History and Decision -- Chapter 1: How My Life and Work have been Influenced by J.M. Keynes and F.H. Knight: Introduction and Summary -- Chapter 2: On the Economics of Risk and Uncertainty:A Historical Perspective -- Chapter 3: J.M. Keynes on Probability versus F.H. Knight on...

Mit der Formulierung der Allgemeinen Gleichgewichtstheorie liegt ein systematischer Ansatz in der ökonomischen Theoriegeschichte vor, die ökonomische Wissenschaft als eine den Naturwissenschaften analoge, exakte Wissenschaftsdisziplin auszuweisen und von der Moralsphäre abzugrenzen. Dieses...

The collection includes both refereed articles and review essays. The articles highlight research on the role of western economic advisors in China before the Communist Revolution (Paul Trescott), John Ryan on minimum wage legislation, a symposium on Clement Juglar, and a comparison of recent...

Research in the History of Economic Thought and Methodology is an annual research series which presents materials in two fields, both broadly considered: the history of economic thought and the methodology of economics.The annual A-volume contains peer-reviewed articles comparable to other...