The Isolated State in Relation to Agriculture and Political Economy: Part III: Principles for the…

Hardcover | June 15, 2009

byJohann von ThünenEditorUlrich van Suntum

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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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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.

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 ...
Format:HardcoverDimensions:224 pages, 8.8 × 5.6 × 0.56 inPublished:June 15, 2009Publisher:Palgrave MacmillanLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:023022251X

ISBN - 13:9780230222519

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Table of Contents

Preface; P.A.Samuelson
Foreword to the English Translation; F.Tack
Johann Heinrich von Thünen’s Contribution to the Forestry Economics: A Brief Introduction to Part III of the Isolated State; U.van Suntum
PART I:
Timber Yield
Timber Value
The Determination of the Value of Pinewood Stock of a Given Age
The Determination of the Value of Timber Stocks of Differing Rotation Periods
The Rent of the Woodland Floor
Calculations related to the Rotation Period
Thinning Out
The Rent of Woodland in Comparison with Ground Rent
Underwood or Brushwood
The Influence of the Yield in Value of Thinnings on the most Advantageous Rotation Period and on Ground Rent
The Thinning Methods employed by Chief Forester Nagel
Ground Rent and Rotation Period from Pollination, if Thinning Removes half the Wooded Growth
Comparison of the Two Methods, in which Thinning Removes A. One Third of Annual Timber Growth, B. Half of this Growth
PART II:
How Great does the Space around each Tree Need to be in Relation to its Diameter if the Annual Growth in Value of the Entire Woodland is to Achieve a Maximum?
The Growth of Individual Trees in Diameter and in Physical Volume
Calculation of the Portion of the Growth to be Removed in Thinning
Criticism
Ground Rent and the Most Advantageous Rotation Period, if only 1/3 of the Growth is Left in the Remaining Stock
PART III:
What is the Relationship between the Growth of the Tree and the Space which each Tree has?
Calculation of Total Growth
Ground Rent and Most Advantageous Rotation Period for Different Degrees of Distance of Trees from One Another
What Part of the Timber Reserve is at Different Ages removed in Decennial Thinnings?
Deviation of the Results of Our Calculation from Reality
Comparison of the Ground Rent of Woodland with that of Arable Land
Applications
Continuation
Epilogue: A Chronicle of Editing the Isolated State; R.Schwarze
Glossary