Johann Heinrich Von-thunen was a German Economist born on June 24, 1783. He is best known for his work in agricultural economics and his theory of land use. His net worth, biography, age, height, family and career updates are available online. He is remembered for his contributions to the field of economics and his influence on modern economic thought.
Johann Heinrich Von-thunen is a member of Economist
💰Johann Heinrich Von-thunen Net worth and Salary
Johann Heinrich Von Thunen, renowned economist hailing from Germany, is estimated to have a net worth ranging from $100,000 to $1 million in the year 2023. Recognized for his groundbreaking contributions to the field of agricultural economics, Von Thunen's wealth is a testament to his significant impact on the discipline. His pioneering theories, particularly his work on the spatial distribution of agricultural activities, have made him a respected figure in the world of economics. His accomplishments have undoubtedly played a crucial role in shaping our understanding of agricultural systems and their economic implications.
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.
He published his most famous work, The Isolated State, in 1826.
His idea of "Grenzkosten" was adopted by the later economist Alfred Marshall.
He was born in Canarienhausen (Wangerland, Friesland, Germany), and he died in Tellow (Rostock, Germany).
He based his Isolated State theory on the "economic man" principle developed by his fellow economist Adam Smith.
