Journal Article Risk and the Optimal Utilization of Capital Get access Kenneth R. Smith Kenneth R. Smith University of Wisconsin, Madison Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 37, Issue 2, April 1970, Pages 253–259, https://doi.org/10.2307/2296417 Published: 01 April 1970 Article history Received: 01 December 1968 Accepted: 01 July 1969 Published: 01 April 1970