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Knight (1885-1972) was a Professor of economics at the University of Chicago for most of his professional life. Considered one of the founding fathers of the intellectual current known as the Chicago School, Frank Knight had an enormous influence on economic theory and methodology and as a consequence also on the professional reach of modern economists. 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Hall Distinguished Service Professor, Emeritus, of Social Science and Philosophy and was most famous for his work on the distinction between economic risk and uncertainty.","brand":"WoB","offers":[{"title":"- \/ - \/ -","offer_id":51039819890961,"sku":"","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"US \/ NEW \/ INGRAM","offer_id":51039822971153,"sku":"NIN9781614277491","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/1614277494.jpg?v=1751024308"},{"product_id":"risk-uncertainty-and-profit-book-frank-h-knight-9781684113798","title":"Risk, Uncertainty, and Profit","description":"In Risk, Uncertainty and Profit, Frank Knight explored the riddle of profitability in a competitive market: profit should not be possible under competitive conditions, as the entry of new entrepreneurs would drive prices down and nullify margins, however evidence abounds of competitive yet profitable markets. 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