Gossen may refer to:
Economics
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Hermann Heinrich Gossen
Hermann Heinrich Gossen (7 September 1810 – 13 February 1858) was a Prussian economist who is often regarded as the first to elaborate a general theory of marginal utility.
Life and work
Gossen studied in Bonn, then worked in the Prussian admin ...
(1810–1858), Prussian economist
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Gossen's laws Gossen's laws, named for Hermann Heinrich Gossen (1810–1858), are three laws of economics:
* Gossen's First Law is the "law" of diminishing marginal utility: that marginal utilities are diminishing across the ranges relevant to decision-making. ...
, his laws concerning such economic concepts as
scarcity
In economics, scarcity "refers to the basic fact of life that there exists only a finite amount of human and nonhuman resources which the best technical knowledge is capable of using to produce only limited maximum amounts of each economic good. ...
and
marginal utility
In economics, utility is the satisfaction or benefit derived by consuming a product. The marginal utility of a good or service describes how much pleasure or satisfaction is gained by consumers as a result of the increase or decrease in consumpti ...
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Gossen's second law Gossen's Second “Law”, named for Hermann Heinrich Gossen (1810–1858), is the assertion that an economic agent will allocate his or her expenditures such that the ratio of the marginal utility of each good or service to its price (the margin ...
Other
* Dative form of
Gossa, a Norwegian island
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