Losch, August

August Lösch was a German economist known for his contributions to location theory and regional planning. He is best remembered for his work "The Economics of Location," where he explored how businesses choose their locations based on factors like demand, transportation costs, and competition. Lösch emphasized the idea that firms aim to minimize costs while maximizing access to their market, influencing urban planning and economic geography. His theories help explain the spatial distribution of economic activities and have applications in various fields, including urban studies and transportation planning.