Modern construction economics [Book Review]

Bridge, Adrian (2011) Modern construction economics [Book Review]. Australasian Journal of Construction Economics and Building, 11(2), pp. 101-105.

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The editor, Gerard de Valence, points out in the preface, this book is neither a textbook nor a guide to what is done by construction managers and construction economists – read quantity surveyors and the like. Rather, de Valence notes it comprises a collection of chapters each of which focus on matters at the industry level and, in doing so, illustrates that a substantially improved understanding of the building and construction industry can be gained beyond the economics of delivering projects. Before giving some thought to how far each of the chapters achieve this, it’s worth reflecting on the virtues of developing construction economics as its own discipline or sub-discipline in general economics and the bold manner by which de Valence is proposing we do this. That is, de Valence proposes partitioning industry and project economics - as explained in the preface and in Chapter 1. de Valence’s view that “the time seems right” for these developments is also worthy of some consideration.

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ID Code: 47892
Item Type: Review
Refereed: Yes
Keywords: Construction Industry, Management, Book Reviews
ISSN: 1445-2634
Subjects: Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000) > DESIGN PRACTICE AND MANAGEMENT (120300)
Divisions: Past > QUT Faculties & Divisions > Faculty of Built Environment and Engineering
Past > Schools > School of Urban Development
Copyright Owner: Copyright 2011 Australian Institute of Quantity Surveyors
Deposited On: 22 Dec 2011 22:28
Last Modified: 29 Dec 2011 05:56

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