The Isolated State in Relation to Agriculture and Political Economy
ebook ∣ Part III: Principles for the Determination of Rent, the Most Advantageous Rotation Period and the Value of Stands of Varying Age in Pinewoods
By Johann von Thünen
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This volume is the first ever English translation of Part III of von Thünen's famous 'Isolated State'. It deals with the optimum rotation period of woods – a central problem of capital theory which has been studied by many famous economists. Thünen's early approach to the problem compares very well with most of the later attempts.
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