Traditional building economics has primarily been concerned with
issues around project appraisal and cost management techniques. On
the other hand, modern construction economics has a wider focus
with stronger links to mainstream economics, reflecting an
increased interest in a range of theoretical issues in construction
economics, both at the macro and micro level. In Modern
Construction Economics: Theory and Application, a variety of
approaches are used to present a coherent vision of synthesis
between industry economics and project economics.
Topics covered include:
- developing construction economics as idustry economics
- competition and barriers to entry in construction
- innovation in construction
- theory testing in construction management research
- collusion and corruption in the construction sector.
Including contributions from academics in the UK, Sweden, Hong
Kong, and Australia, this is a truly global review of a core issue
for the construction industry worldwide. The result is a unique
book that will push toward the development of a comprehensive
theoretical framework of construction economics. This is a
must-read for all serious students of construction economics, and
all practitioners looking for a deeper understanding of their
industry.
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