Briefe über die Wirthschaft grosser Landgüter und über die Ursachen des geringen Ertrags derselben, nebst der Geschichte seines Schicksals auf seiner fünfjährigen ökonomischen Laufbahn zu Frankenberg im Dienste. Freyherrn von Pöllnitz.

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8vo, pp. 144; some faint inoffensive dampstaining; contemporary marbled calf, spine decoratively gilt, gilt-lettered spine labels; a fine copy with engraved heraldic bookplate to front paste-down, two faint Hungarian library stamps to title; a very attractive copy. First edition, rare, of what it arguably the earliest study of the economics of scale in agricultural estates. Hatzel differentiates between small farms, owned and run by an individual farmer; tenant farmers who paid rents and provided obligatory services to the landlord, who was typically a nobleman; and large estates run by an estate manager on behalf of the owner. He argues that only long lease contracts result in decent returns, whereas short ones are more likely to lead to the exploitation of the soil without any long term management ideas. Estate managers, who should be employed with long term contracts, need to have virtual independence to guarantee successful results. Only then will this be preferable to leaseholds. Not in Kress or Goldsmiths'; Humpert 2712 (wrongly dated 1776); OCLC lists copies in Germany only. N° de ref. del artículo 3997

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