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by Michael McDermott (Author)
About the Author
Michael McDermott, PhD, is a Land Policy and Valuation International Consultant based in Australia.
About this book
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.
Brief contents
1 Framing the thesis of this book 1
Introduction 1
Problem statement 19
Background to the research 22
Research problem, propositions/research issues and contributions 25
The submission of this book 27
Justification for the research 33
Methodology 39
Outline of the book 43
Definitions/explanations of key terms 44
Study limitations and research suggestions 56
Chapter summary and the way forward 58
2 The narrative begins: gestating HVN↔HBA 61
Introduction 61
The turning point 61
My back story 61
Childhood 62
Young adulthood 64
Breaking free 70
Settling down 82
Swaziland 86
Vanuatu and beyond 93
Chapter summary and the way forward 94
3 The law of the machine and global landscapes 97
Introduction 97
The background 98
Current property rights analogies 99
Australia 104
South America 108
North America 110
Europe 115
Asia and the Pacific 120
Africa 121
Back to Australia 125
Conclusion 127
Chapter summary and the way forward 128
4 The new high-level trans-ontological process 129
Introduction 129
Vairacona’s Tower: a new analogy found in the East 132
The context of the HVN 136
HVN, land policy and property 137
HVN points of difference 141
HVN and transdisciplinarity 142
HVN as an emergent from complexity requiring energy to be maintained 144
Chapter summary and the way forward 146
5 The HIDEGRE BIES ADALAS template to approach wicked problems 148
Introduction 148
HIDEGRE 155
H: the Habermas/hexagonal matrix 158
I: the Identity Principle 162
D: the Development Principle 173
E: the Emergence Principle 176
G: the Goldilocks Principle 178
RE: the Related Evolution Principle 182
BIES 183
B: black swans and butterfly effects 184
IES: intrinsic, extrinsic and systemic value 187
ADALAS 206
All domains and dimensions 213
All levels and lines 214
All scales 220
Chapter summary and the way forward 229
6 Birthing HIDEGRE BIES ADALAS 232
The World Bank and Malaysia 232
Solomon Islands 233
Globalisation and the fitness landscapes of land policies, land-related valuations, and real property rights 237
Interrogation of market value definition with HBA 244
Interrogation of the global property rights scene with HBA 255
Responding to Okoth-Ogendo’s challenge with HVN↔HBA 258
Chapter summary and the way forward 260
7 Conclusions, the book’s limitations and research suggestions 262
Conclusions 262
A suggested methodology for both researching and addressing wicked valuation problems 265
Bibliography 269
Index 315
Series: Routledge Complex Real Property Rights Series
Pages: 350
Publisher: Routledge; 1 edition (July 3, 2018)
Language: English
ISBN-10: 1138584789
ISBN-13: 978-1138584785
Routledge__Wicked Valuations.pdf
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