This volume is the first ever English translation of Part III of Johann von Thunen's famous 'Isolated State'. The original German publication from 1863 has been translated by Keith Tribe and is edited by Ulrich van Suntum on behalf of the Thunen Society. It deals with the optimum rotation period of woods, a central problem of capital theory, which has been studied by many famous economists. Debates on this issue have still not reached a final conclusion, and therefore Thunen's early approach to sustainable forestry is of central importance. Thunen has been hailed an innovator way ahead of his time. This book celebrates his ideas as an economist, as a farmer and a thinker on agrarian policy, and endeavours to revive the study and discussion of forestry economics and its history.
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