Traditional valuation approaches are increasingly recognised as being insufficient to address the wicked valuation problems of the diverse peoples and groups that inhabit the globe from north, south, east to west. This book demonstrates the limitations of science and, in particular economics, as the foundation on which valuations are traditionally based. It demonstrates the importance of and provides justification for the personal, cultural values and norms which underpin our assessment of "value", and the fact that these vary across the world. In Wicked Valuations Michael McDermott develops a means of engaging with highly complex valuation problems. His autoethnography provides a lens to draw on knowledge and experience from his 40 years in land valuation in Africa and the Asia-Pacific, while documentary analysis is used to draw in the views of other valuation practitioners and scholars who are becoming increasingly aware of the need to develop ways to adapt land valuation processes to the complexity of our contemporary landscapes.
Chapter One: Framing the thesis of this book
Chapter Two: The narrative begins: gestating HVN↔HBA
Chapter Three: The law of the machine and global landscapes
Chapter Four: The new high-level trans-ontological process
Chapter Five: The HIDEGRE BIES ADALAS template to approach wicked problems
Chapter Six: Birthing HIDEGRE BIES ADALAS
Chapter Seven: Conclusions, the book’s limitations and research suggestions
Real Property Rights are central to the global economy and provide a legal framework for how society (be it developed or customary) relates to land and buildings. We need to better understand property rights to ensure sustainable societies, careful use of limited resources and sound ecological stewardship of our land and water. Contemporary property rights theory is dynamic and needs to engage thinkers who are prepared to think outside their disciplinary limitations.
The Routledge Complex Real Property Rights Series strives to take a transdisciplinary approach to understanding property rights and specifically encourages heterodox thinking. Through rich international case studies, the goal of the series is to build models to connect theory to observed reality, informing potential policy outcomes. This series is both an ideal forum and reference for students and scholars of property rights and land issues.
Video interviews with the series authors and editors can be viewed here: https://www.youtube.com/channel/UCm6WmSmaP8spLX0GlFRiSjw