The Isolated State in Relation to Agriculture and Political Economy: Part III: Principles for the Determination of Rent, the Most Advantageous Rotation Period and the Value of Stands of Varying Age in Pinewoods

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This volume is the first ever English translation of Part III of von Thunen"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. Thunen’s early approach to the problem compares very well with most of the later attempts.