The Nature of Construction Economics

Patricia M. Hillebrandt

Chapter 1 in Economic Theory and the Construction Industry, 2000, pp 3-8 from Palgrave Macmillan

Abstract: Abstract Construction economics consists of the application of the techniques and expertise of economics to the study of the construction firm, the construction process and the construction industry. To understand this definition and the scope of the subject, it is necessary to know what economics is about, what constitutes construction and why the construction industry deserves a special branch of economics to itself.

Keywords: Construction Industry; Price Determination; Main Stream Economist; Coherent Theory; Economic Scope (search for similar items in EconPapers)
Date: 2000
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DOI: 10.1057/9780230372481_1

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