Profit and Entrepreneurial Functions

@article{Knight1942ProfitAE,
  title={Profit and Entrepreneurial Functions},
  author={Frank Hyneman Knight},
  journal={The Journal of Economic History},
  year={1942},
  volume={2},
  pages={126 - 132}
}
  • F. Knight
  • Published 1 December 1942
  • Economics
  • The Journal of Economic History
In so far as the term “profit” has any fairly concrete and generally understood meaning, it designates the income accruing to the owner of a business or productive “enterprise,” through the operations of that business or enterprise. The owner may be an individual or a group, organized in some way as a legal entity; most typically, it is a “corporation,” particularly under American conditions. In either case, this owner, who normally hires productive services from others for a fixed compensation… 
The Bonus of Entrepreneurship: Exploring the Revenues, Resources, plus Economic Well-Thing of Entrepreneurial Domestics
The monetary rewards and cost of entrepreneurship for the individual areunknown. Prior studies have focused on self-employment income estimates and have highlightedthe lower earnings that may be
Industrial Firm Performance, Entrepreneurial Age, and Managerial Practice
Some authors and entrepreneurs have weaknesses in their infrastructure, innovation, and management skills. Industrial SMEs contribute to the productivity of countries. In recent years a group of
The Rewards of Entrepreneurship: Exploring the Incomes, Wealth, and Economic Well-Being of Entrepreneurial Households
The financial rewards and consequences of entrepreneurship for the individual are unknown. Prior studies have focused on self-employment income estimates and have highlighted the low median earnings
Ricardian rents or Knightian profits? More on Austrian insights on strategic organization
How firms pursue strategies that take advantage of time-specific opportunities, such as whether to enter an industry during an upturn or a downturn, is one of the great unexplored themes of strategic
ENTREPRENEURSHIP AND THE INFORMAL ECONOMY: AN EMPIRICAL ANALYSIS
This paper presents an empirical study investigating the effect of entrepreneurship on the incidence of informal employment. It builds upon economic models exploring the determinants of informal
Perceptions of intellectual property: a review
In “The right to good ideas: patents and the poor”, The Economist depicts two driving forces in the contemporary discourse on IP and globalization. The one is interested in advancing the knowledge
Effect of award, incentives and competition on entrepreneurial development among female farmers in North-West Province, South Africa: a review
The terms "entrepreneur" and "entrepreneurship" are used by people interchangeably, hence the need to differentiate between an entrepreneur and an entrepreneurship. An entrepreneur is a person who
Economic Returns to Entrepreneurial Behavior
Highly turbulent environments require firms to act entrepreneurially. The returns to entrepreneurial activities are known as entrepreneurial rents. Following the payments perspective, these rents are
The Importance of Attributes in Entrepreneurial Opportunity Evaluations: An Emerging Market Study
Although prior research has established that entrepreneurs have idiosyncratic perceptions about opportunity attributes, we do not yet understand the level of importances attached to attributes when
Entrepreneur: between the old and the new. Portrait of Romanian entrepreneur
Difficult to capture in precise strokes of a definition of entrepreneur is not only linguistic but also chronological connotations. Entrepreneur or business leader or intraprenor, designer or
...
...