Armen Alchian Quote

The greater the uncertainties of the world, the greater is the possibility that profits would go to venturesome and lucky rather than to logical, careful, fact-gathering individuals.

"Uncertainty, Evolution, and Economic Theory", 1950

The greater the uncertainties of the world, the greater is the possibility that profits would go to venturesome and lucky rather than to logical,...

The greater the uncertainties of the world, the greater is the possibility that profits would go to venturesome and lucky rather than to logical,...

The greater the uncertainties of the world, the greater is the possibility that profits would go to venturesome and lucky rather than to logical,...

The greater the uncertainties of the world, the greater is the possibility that profits would go to venturesome and lucky rather than to logical,...