Theory and construction economics
- Spon Press
- Publication Type:
- Modern Construction Economics, 2011, 1, pp. 1 - 13
- Issue Date:
Broadly, there are three views of CE. The first follows Hillebrandt and her definition of CE as the application of 'economics to the study of the construction firm, the construction process and the construction industry. A second view is based on the classic definition of economics as the study of the allocation of scarce resources by Robbins. The third approach is somewhat more eclectic, but could be described as economics with a focus on building and construction.
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