The isolated state in relation to agriculture and political economy : Part 3, Principles for the determination of rent, the most advantageous rotation period and the value of stands of varying age in pinewoods / Johann von Thünen ; translated from the German by Keith Tribe ; edited by Ulrich van Suntum.

Includes bibliographical references.

This volume is the first ever English translation of Part III of Johann Heinrich von Thünen'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 if the Thünen 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 Thünen's early approach to sustainable forestry is of central importance. Thünen has been hailed an innovator way ahead of his time. This books 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.