Is valuation of property a real science?

J. Ryska and A. Valder
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J. Ryska: Czech University of Agriculture, Prague, Czech Republic
A. Valder: Czech University of Agriculture, Prague, Czech Republic

Agricultural Economics, 2006, vol. 52, issue 3, 123-127

Abstract: The evaluation of property is one of the basic human professions that have accompanied the human race ever since money was first used. At the time of the formation of modern science, this discipline was not included among the economic sciences. The stipulation of the value of property was based not only on theoretical knowledge of the economics, knowledge of goods, technology, agriculture and law, but also practical skills, knowledge of markets and the art of correctly assessing the requirements of customers. This situation continued until the end of the last millennium, when the evaluation of property stood apart from official science and was presented as an activity that links science and art and for this reason it was not possible to include it among the scientific disciplines. There is given analysis of value and valuation of property. On the base of philosophical approach to value and process of valuation, it can be stated that Valuation is a science in terms which in modern science have meaning. This would enable surveyors to participate also in the promotion of their profession on the academic floor and thus have more influence on the general opinion of value and its influence on contemporary society.

Keywords: valuation; science; price; value (search for similar items in EconPapers)
Date: 2006
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DOI: 10.17221/5004-AGRICECON

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