Johann Heinrich Von-thunen

About

Remembered best for his theory of The Isolated State, this economist and economic geographer devised several mathematical formulas to predict the economic utility of farmland.

Before Fame

He published his most famous work, The Isolated State, in 1826.

Trivia

His idea of "Grenzkosten" was adopted by the later economist Alfred Marshall.

Family Life

He was born in Canarienhausen (Wangerland, Friesland, Germany), and he died in Tellow (Rostock, Germany).

Associated With

He based his Isolated State theory on the "economic man" principle developed by his fellow economist Adam Smith.