THÜNEN, Johann Heinrich von.

£3,500 · Offered by Peter Harrington · No longer available

Der isolirte Staat in Beziehung auf Landwirtschaft und Nationalökonomie. Der Erster Theil; First edition of the second, third, and fourth parts, revised second edition of the first part (following the first of 1826). Together, this is the complete text of the author's magnum opus, a pioneering economic study on agriculture which contains his theory of the natural wage.The first part contains his theory of agricultural intensity. The second part contains his wage theory and was issued by Thünen before his death. The third part consists of selections of his posthumous papers on taxation, duties, and road and railways. The fourth part contains his posthumous papers on forestry. "Thünen was the first to develop an exact definition of marginal productivity in the modern sense (although he did not use the term) and to apply the principle generally in the theory of production and distribution. He was a founder of mathematical economics and of econometrics, combining systematic empirical research with a genius for abstract reasoning and generalization... Von Thünen's book won him considerable recognition during his lifetime... Alfred Marshall acknowledged a major debt to von Thünen" (IESS).

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