LOCATION THEORY

Johann Heinrich von Thünen, a German

economist and landowner, developed the first
serious spatial economics treatment in his
treatise, The Isolated State, connecting it with
David Ricardo's rent theory and introducing
distance and space.

Alfred Weber, a German

economist, sociologist, and
theoretician, significantly
influenced modern economic
geography through his Theory of
the Location of Industries, which
incorporated costs of goods and
transportation.

Considered Transportation
cost as the direct function of
the weight of the item and
distance shipped.

•He developed the "Bid-Price

Curve": A set of combinations
of land prices and distances
among which the individual is
indifferent (i.e. satisfied with the
combination of land price as
well as the distance at some
point).

Central Place Theory-W. Christaller