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2017-12-18 15:22:16
KNIGHT, Frank H.
Risk, Uncertainty and Profit.
Boston & New York: Houghton Mifflin Company, [1921]. Octavo (202 x 126 mm). Original red cloth, spine lettered gilt. Spine ends lightly rubbed, endpapers toned; a very good copy. First edition, the author's copy, presentation copy, inscribed to fellow economist George Stigler, "To George Stigler May 27, 1963, F.H.K.", and additionally signed by Knight on the front pastedown. This copy bears autograph pencil changes to three pages (53, 101, 152): two use proofreading symbols to insert and delete phrases, one corrects a reference to a figure in the text, another a spelling error in an author's name ("Mills" corrected to "Mill"). A further fifteen openings carrying marginal pencil side-rules and underlining to the text. Following his master's degree at Northwestern University, George Stigler moved to Chicago in 1933 to work on his dissertation under Knight's supervision at the University of Chicago. The thesis was completed in 1938 and published in 1941 under the title Production and Distribution Theories. In a memoir entitled Frank Knight as Teacher (Journal of Political Economy, 1973) Stigler observed that "he was so generous with time and knowledge that some dissertations - I have my own in mind - ought at a minimum to have listed a collaborator". Stigler remained in contact with Knight after his retirement, and contributed a preface to the Chicago reprint of Risk, Uncertainty and Profit. This copy has passed by descent to the present owner. Risk, Uncertainty and Profit is Knight's first major work, written as a doctoral dissertation at Cornell in 1916. In it Knight advance … [Click Below for Full Description]
Bookseller: Peter Harrington. ABA/ ILAB. [London, United Kingdom]
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