Herman Heinrich Gossen
Herman Heinrich Gossen (1810-1858)
- German
- Development of the Laws of Exchange among Man (1854)
Main Economic Ideas
- Principles of Enjoyment
- Law of Diminishing Marginal Utility (Gossen’s First Law)
- Law of Equi-Marginal Utility (Gossen’s Second Law)
- Theory of Value
- Cost and Satisfaction
- Classification of Goods and their Value
