Hermann Heinrich Gossen
Hermann Heinrich Gossen (7 September 1810 – 13 February 1858) was a German economist who is often regarded as the first to elaborate, in detail, a general theory of marginal utility.
Hermann Heinrich Gossen | |
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Born | Düren, North Rhine-Westphalia, First French Empire | 7 September 1810
Died | February 13, 1858 47) Cologne, North Rhine-Westphalia, Kingdom of Prussia | (aged
Nationality | German |
Academic career | |
Field | Microeconomics |
Alma mater | University of Bonn |
Contributions | General theory of marginal utility Gossen's laws |
Prior to Gossen, a number of economic theorists, including Gabriel Cramer, Daniel Bernoulli, William Forster Lloyd, Nassau William Senior, and Jules Dupuit had employed or asserted the significance of some notion of marginal utility. But Cramer, Bernoulli, and Dupuit had focussed upon specific problems, Lloyd had not presented any applications of theory, and if Senior provided a detailed elaboration of the general theory he had developed, he had done so in language that caused his applications of theory to be missed by most readers.
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