170 years of Martin Faustmann’s land expectation value -Editorial to a special issue

摘要

Martin Faustmann’s seminal paper "Berechnung des Werthes welchen Waldhoden sowie noch nicht haubare Holzbestande für die Waldwirtschaft besitzen" was published in the December issue 1849 of the Allgemeine Forst- und Jagdzeitung (Vol 15, pp. 441-455)and has ever since developed an influence on a scientific community that is very hard to exceed and is still ongoing nowadays. Faustmann’s publication is probably the most cited paper ever published in forest sciences. It has inspired eminent researchers, such as Nobel laureates Bertil Ohlin or Paul A. Samuelson to comment on and discuss topics around forestry (Ohlin, 1921; Samuelson, 1976; Samuelson, 1983: 488—491) and has led to important further developments regarding the value of forest land andits appraisal (cf. Hartmann, 1976; Brazee and Mendelsohn, 1988; Chang, 1998, Li and Lofgren, 2000; Buongiorno and Gilles, 2003: 156-164 to only name a few).