The real estate disciplines introductory principles textbooks resist Schumpeter and change

Stephen Roulac

ERES from European Real Estate Society (ERES)

Abstract: It is broadly recognized that real estate has been subjected to a veritable tsunami of change forces dramatically impacting and buffeting:Property use - Air BnB; Retail shopping - Amazon; Workspaces - WeWork and other co-working models; Capital access - FinTech innovations and crowd funding; Urbanization - prospectively to be accelerated by autonomous vehicles and exemplified by proliferating high-rise construction.These changes are not necessarily reflected in the focus of research topics investigated by the property research community. Mainstream real estate textbooks are even more innocent of these forces and their implications. Consequently, the academy is not well serving students studying property, as learning resources are predominantly anchored in conventional practices applicable in the pre-innovation, pre-information era.This paper explores how the implications of change influence the concerns of property scholars, generally, and the contents of property curriculums, specifically. The study emphasis is on textbooks targeted to the introductory real estate principles/overview, this research revisits, updates and extends two significant prior research studies, which were published in Journal of Real Estate Literature a more than two decades ago (“Foundation of the Knowledge Structure: Review of Real Estate Principles Texts, Journal of Real Estate Literature, January 1994: 37-65) and a decade plus ago (“Shifting Foundations of the Real Estate Knowledge Structure: Revisiting the Review of Real Estate Principles Texts,- Journal of Real Estate Literature, Vol. 12, No. 2, 2004: 237-265).

Keywords: Education; Property; Real Estate; Textbooks (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2018-01-01
New Economics Papers: this item is included in nep-ure
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