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Palgrave Macmillan

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

  • Book
  • © 2009

Overview

Authors:
  1. Johann Heinrich Thünen
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Editors:
  1. Ulrich Suntum

    1. University of Münster, Germany

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Table of contents (5 chapters)

  1. Front Matter

    Pages i-xx
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  2. Section One

    • Johann Heinrich von Thünen
    Pages 1-47

  3. Section Two

    • Johann Heinrich von Thünen
    Pages 48-77

  4. Section Three

    • Johann Heinrich von Thünen
    Pages 78-113

  5. Continuation

    • Johann Heinrich von Thünen
    Pages 114-133

  6. Epilogue: A Chronicle of Editing the Isolated State

    • Johann Heinrich von Thünen
    Pages 134-136

  7. Back Matter

    Pages 137-139
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Keywords

About this book

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.

Editors and Affiliations

  • University of Münster, Germany

    Ulrich Suntum

About the editor

JOHANN HEINRICH VON THÜNEN (1783-1850) was a prominent nineteenth-century economist, who is credited with a number of important anticipations of modern economic theory, such as the concepts of economic rent, diminishing returns, and marginal productivity. For the most of his life Thünen worked in isolation on his agricultural estate, Tellow, in Mecklenburg. According to Nobel Prize winner Paul Samuelson, Thünen 'belongs in the Pantheon with Leon Walras, John Stuart Mill, and Adam Smith'. Both the Tellow estate and Thünen`s grave, which has his famous formula for the natural wage engraved on it, can still be visited today.
 
ULRICH VAN SUNTUM is Professor of Economics at the Muenster University in Germany. He was formerly secretary general of the German Council of Economic Advisors and is engaged in both economic research and policy advice. His preferred areas of research are capital theory, labour economics, history of economic thought, and regional and housing economics. He has written several articles on Johann Heinrich von Thünen, both in German and in English.

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