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The article examines that there are two reasons to celebrate Frank Knight as the centenary of his great work Risk, Uncertainty and Profit and the general feeling that uncertainty is now at the center of company concerns. Topics include considered that there is at least a good reason to celebrate it in Entreprise & Société (ENSO) because Knight's book offers one of the first economic theories of the firm and that this theory is directly associated with a theory of the functioning of companies.

The article examines that Frank Knight, in his most famous work, Risk, Uncertainty and Profit who develops an approach that recalls, in many respects, behavioral economics. Topics include considered that certain chapters thus contain very up-to-date insights into the way in which economic agents make their decisions.

The article examines that Frank Knight's reference work, Risk, Uncertainty and Profit often quoted, less often read, is "an attempt to establish more precisely the essential principles of conventional economic doctrine and to show their implications more clearly than has been done. Its object is refinement, not reconstruction". Topics include reports that the bearer of an analysis of the nature, role and function of the company that breaks with this conventional doctrine will continue.