Book excerpt: Excerpt from The Economic Theory of Risk and Insurance It gives me pleasure to acknowledge my indebtedness to my friend, Professor James P. Kelley, for the valuable assist ance which he has given me in preparing this book for the press. He kindly undertook to read it all in the proof, and I have been indebted to his suggestions for many improvements. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.