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Thünen, Johann Heinrich von

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Thünen, Johann Heinrich von (1785-1850)

German economist and geographer who believed that the success of a state depends on the well-being of its farmers. His book The Isolated State 1820, a pioneering study of land use, includes the earliest example of marginal productivity theory, a theory that he developed to calculate the natural wage for a farmworker. He has been described as the first modern economist.



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