Risk, Uncertainty and Profit Quotes
86 ratings, 4.02 average rating, 9 reviews
See a Problem?
We’d love your help. Let us know what’s wrong with this preview of Risk, Uncertainty and Profit by Frank H. Knight.
Not the book you’re looking for?
Preview — Risk, Uncertainty and Profit by Frank H. Knight
Risk, Uncertainty and Profit Quotes Showing 1-1 of 1
“Economics, or more properly theoretical economics, is the only one of the social sciences which has aspired to the distinction of an exact science. To the extent that it is an exact science it must accept the limitations as well as share the dignity thereto pertaining, and it thus becomes like physics or mathematics in being necessarily somewhat abstract and unreal. In fact it is different from physics in degree, since, though it cannot well be made so exact, yet for special reasons it secures a moderate degree of exactness only at the cost of much greater unreality.”