Cover; Title; Copyright; Contents; Foreword; Acknowledgements; Abbreviations; Glossary; 1 Framing the thesis of this book; Introduction; Problem statement; Background to the research; Research problem, propositions/research issues and contributions; The submission of this book; Justification for the research; Methodology; Outline of the book; Definitions/explanations of key terms; Study limitations and research suggestions; Chapter summary and the way forward; 2 The narrative begins: gestating HVN↔HBA; Introduction; The turning point; My back story; Childhood; Young adulthood; Breaking free
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6 Birthing HIDEGRE BIES ADALASThe World Bank and Malaysia; Solomon Islands; Globalisation and the fitness landscapes of land policies, land-related valuations, and real property rights; Interrogation of market value definition with HBA; Interrogation of the global property rights scene with HBA; Responding to Okoth-Ogendo's challenge with HVN↔HBA; Chapter summary and the way forward; 7 Conclusions, the book's limitations and research suggestions; Conclusions; A suggested methodology for both researching and addressing wicked valuation problems; Bibliography; Index
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HVN as an emergent from complexity requiring energy to be maintainedChapter summary and the way forward; 5 The HIDEGRE BIES ADALAS template to approach wicked problems; Introduction; HIDEGRE; H: the Habermas/hexagonal matrix; I: the Identity Principle; D: the Development Principle; E: the Emergence Principle; G: the Goldilocks Principle; RE: the Related Evolution Principle; BIES; B: black swans and butterfly effects; IES: intrinsic, extrinsic and systemic value; ADALAS; All domains and dimensions; All levels and lines; All scales; Chapter summary and the way forward
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Settling downSwaziland; Vanuatu and beyond; Chapter summary and the way forward; 3 The law of the machine and global landscapes; Introduction; The background; Current property rights analogies; Australia; South America; North America; Europe; Asia and the Pacific; Africa; Back to Australia; Conclusion; Chapter summary and the way forward; 4 The new high-level trans-ontological process; Introduction; Vairacona's Tower: a new analogy found in the East; The context of the HVN; HVN, land policy and property; HVN points of difference; HVN and transdisciplinarity
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SUMMARY OR ABSTRACT
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Traditional valuation approaches are increasingly recognised as being insufficient to address the wicked valuation problems of the diverse peoples and groups that inhabit the globe from north, south, east to west. This book demonstrates the limitations of science and, in particular economics, as the foundation on which valuations are traditionally based. It demonstrates the importance of and provides justification for the personal, cultural values and norms which underpin our assessment of "value", and the fact that these vary across the world. In Wicked Valuations Michael McDermott develops a means of engaging with highly complex valuation problems. His autoethnography provides a lens to draw on knowledge and experience from his 40 years in land valuation in Africa and the Asia-Pacific, while documentary analysis is used to draw in the views of other valuation practitioners and scholars who are becoming increasingly aware of the need to develop ways to adapt land valuation processes to the complexity of our contemporary landscapes.