Skip to main content

Can an Eclectic Fiery “Chief” Be in the Mainstream? The Relationship of the Life and Work of James A. Graaskamp to Mainstream Real Estate Thought

  • Chapter
Essays in Honor of James A. Graaskamp: Ten Years After

Part of the book series: Research Issues in Real Estate ((RIRE,volume 6))

Abstract

James A. Graaskamp, through his still-vital ideas and through the teaching of his life, was and con- tinues to be one of the most important thought leaders of the real estate discipline. He was a pioneer of iconoclastic thought and action in the development of a multidisciplinary philosophy of real estate. The agenda he advanced and the intellectual power with which he advanced it challenged perceptions of mainstream thought and meaningfully advanced real estate thinking. While the Graaskampian view was not often the dominant view, every participant in real estate has been influ- enced to some degree by his ideas.

Graaskamp was distinguished by the power of his intellect, his extraordinary oratorical skills, and especially by his pioneering and pursuing priorities that were different than those pursued by the majority of academicians. He emphasized real estate in the context of real-world decision making, and he employed an approach that diverged sharply from both the traditionalist old school and the finance quant new school.

Time and events are increasingly on the side of Graaskamp’s intellectual contributions becom- ing merged into and redirecting mainstream thought. Every serious teacher, researcher, student, and practitioner of real estate needs to be knowledgeable about the significance of the intellectual content of Graaskamp’s work. A decade after his death, the mainstream is increasingly reflective of and resonant with Graaskamp’s work. Graaskamp’s holistic view of the property world is today fully consistent with the globalization of society and business. Graaskamp’s work contributed ways of thinking about real estate decisions that represented meaningful advances over prior theory and practice.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 189.00
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 249.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 219.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Anikeef, M. (1999). Personal communication to the author, June.

    Google Scholar 

  • Argyris, C, and D. Schön. (1974). Theory in Practice: Increasing Professional Effectiveness. San Francisco: Jossey-Bass.

    Google Scholar 

  • Bernstein, RL. (1992). Capital Ideas: The Improbable Origins of Modern Wall Street. New York: Free Press.

    Google Scholar 

  • Castaneda, C. (1977). The Second Ring of Power. New York: Simon and Schuster.

    Google Scholar 

  • Castaneda, C. (1971). A Separate Reality. New York: Simon and Schuster.

    Google Scholar 

  • Clapp, J.M. (1992). Personal communication to the author, June 23.

    Google Scholar 

  • Clapp, J.M., and D. Myers. (1992). “Graaskamp and the Definition of Rigorous Research.” Paper presented at the AREUEA meeting, New Orleans, January.

    Google Scholar 

  • Colwell, PF. (1992a). “Solvency in Land Use Decision Making.” Paper presented at the AREUEA meeting, New Orleans, January.

    Google Scholar 

  • Colwell, P.F. (1992b). Personal communication to the author, April 13.

    Google Scholar 

  • Colwell, P.F. (1999). Personal communication to the author, January 11.

    Google Scholar 

  • Daft, R.L., and A.Y. Lewin. (1990). “Can Organization Studies Begin to Break Out of the Normal Science Straight Jacket? An Editorial Essay.” Organization Science 1,1.

    Article  Google Scholar 

  • Davis, S.M., and W.H. Davidson. (1991). 2020 Vision: Transform Your Business Today to Succeed in Tomorrow’s Economy. New York: Simon & Schuster.

    Google Scholar 

  • DeLisle, J.R. (1992). “Graaskamp: An Holistic Perspective.” Paper presented at the AREUEA meetings, New Orleans, January.

    Google Scholar 

  • DeLisle, X, and J. Sa-Aadu, eds. (1994). Appraisal, Market Analysis, and Public Policy: Essays in Honor of James A. Graaskamp. A special issue of Research in Real Estate Monograph Series in honor of the late Dr. James Graaskamp. Boston: Kluwer.

    Google Scholar 

  • DeLisle, J., and E. Worzala, eds. (1999). “James Graaskamp’s Work: Challenging Mainstream Thought.” Research Issues in Real Estate: Essays in Honor of James A. Graaskamp: Ten Years After. Vol. 6, Monograph Series, American Real Estate Society. Boston: Kluwer.

    Google Scholar 

  • Eisenhart, K. (1989). “Building Theories from Case Study Research.” Academy of Management Review 14(4), 532–550.

    Google Scholar 

  • Eppli, L. (1999). Personal communication to the author, April 1.

    Google Scholar 

  • Friedman, J.P. (1985). “Real Estate Blends Other Academic Disciples.” Journal of Real Estate Education (Summer), 18.

    Google Scholar 

  • Glaser, B., and A. Strauss. (1967). The Discovery of Grounded Theory: Strategies of Qualitative Research. Hawthorne, NY: Aldine de Grugler.

    Google Scholar 

  • Gordon, R.A., and IE. Howell. (1959). Higher Education for Business. New York: Columbia University Press.

    Google Scholar 

  • Graaskamp, J.A. (1972). “The Role of Investment Real Estate in Portfolio Management.” Monograph, American Council of Life Underwriters, Bryn Mawr, PA.

    Google Scholar 

  • Graaskamp, J.A. (1973). “Book Reviews.” Financial Review,81.

    Google Scholar 

  • Graaskamp, J.A. (1976). “An Approach to Real Estate Finance Education by Analogy to Risk Management Principles.” In Perspectives in Land Use Economics: Essays in Honor of Richard U. Ratcliff and Paul R Wendt pp. 180–196. Vancouver University of British Columbia.

    Google Scholar 

  • Graaskamp, J.A. (1985). “Identification and Delineation of Real Estate Market Research.” Real Estate Issues 10(1) (Spring/Summer), 6.

    Google Scholar 

  • Graaskamp, J.A. (1986a). “Institutional Contraints on Redefinition and Reform of the Appraisal Process,” in William N. Kinnard, Jr. ed., 1984 Real Estate Valuation Colloquium: A Redefinition of Real Estate Appraisal Precepts and Practices. Boston:Oelgeschlager, Gunn and Hain, pp. 297–319.

    Google Scholar 

  • Graaskamp, J.A. (1986b). “The Need for Redefinition and Reform of the Appraisal Process,” in William N. Kinnard, Jr. ed., 1984 Real Estate Valuation Colloquium: A Redefinition of Real Estate Appraisal Precepts and Practices. Boston: Oelgeschlager, Gunn and Hain, (1986), pp. 25–30.

    Google Scholar 

  • Graaskamp, J.A. (1991a). “Analysis of Real Estate Market Conditions.” Note prepared for an asset manager symposium held in San Antonio, Texas, February 19, 1986.Reproduced in Jarchow (1991), 402.

    Google Scholar 

  • Graaskamp, J.A. (1991b). “A Guide to Feasibility Analysis: Update.” In Jarchow (1991), 113–114.

    Google Scholar 

  • Graaskamp, J.A. (1991c). “Strategic Planning Approach to Major Real Estate Decisions.” Unpublished essay appearing in Jarchow (1991) Graaskamp on Real Estate. Washington, DC: Urban Land Institute, 378–383.

    Google Scholar 

  • Graaskamp, J.A. (1991d). “Testimony of James A. Graaskamp Before a Subcommittee of the U.S. House of Representatives” in Stephen P. Jarchow ed., Graaskamp on Real Estate. Washington, DC: Urban Land Institute, pp. 216–223.

    Google Scholar 

  • Graaskamp, J.A. (1991e). “Don’t Buy Real Estate—Buy a Set of Financial Assumptions, in Stephen P. Jarchow ed., Graaskamp on Real Estate. Washington, DC: Urban Land Institute, pp. 376–377.

    Google Scholar 

  • Graaskamp, J.A. (1991f). “Wisconsin’s Real Estate Program.” Urban Land (October 1978 republished in Jarchow S.P. ed. 1991. Graaskamp on Real Estate. Washington, DC: Urban Land Institute, 32–35).

    Google Scholar 

  • Green, R.K. (1992). “Bootstrapping Land Uses for Real Estate Valuation.” Paper pre- sented at the AREUEA meeting, New Orleans, January.

    Google Scholar 

  • Harvard Business School Division of Research. (1991). Intellectual Innovation at the Harvard Business School: A Strategy. Boston: Harvard Business School.

    Google Scholar 

  • Jaffe, A. (1992a). “Methodological Debates with His Colleagues: James A. Graaskamp and the Importance of Real Estate Institutions.” Paper presented at the AREUEA meetings, New Orleans, January.

    Google Scholar 

  • Jaffe, A. (1992b). Remarks made at the AREUEA meeting, New Orleans, January.

    Google Scholar 

  • Jaffe, A. (1999). Personal communication to the author, January 17.

    Google Scholar 

  • Jarchow, S.P., ed, (1991). Graaskamp on Real Estate. Washington, DC: Urban Land Institute.

    Google Scholar 

  • Johnson, L., S. Roulac, and R. Followill. (1996). “American Real Estate Society Annual Meeting Paper Presentations: The First Decade, 1985–94.” Journal of Real Estate Research 12(2), 195–208.

    Google Scholar 

  • Keynes, J.M. (1935). The General Theory of Employment, Interest and Money. New York: Harcourt Brace and Company.

    Google Scholar 

  • Kinnard, William N., ed. (1986). 1984 Valuation Colloquium: A Redefinition of Real Estate Appraisal Precepts and Practices. Boston: Oelgeschlager, Gunn and Hain.

    Google Scholar 

  • Kinnard, William N. (1999). Personal communication to the author, January 27.

    Google Scholar 

  • Kinnard, William, “New Thinking in Appraisal Theory,” The Real Estate Appraiser, August 1966, 32(8), 2–14.

    Google Scholar 

  • Lahey, K.E., and J.R. Webb. (1987). “An Overview of Real Estate Higher Education and Research.” Real Estate Appraiser and Analyst (Spring), 54–61.

    Google Scholar 

  • Lawrence, T, and N. Phillips. (1998). “Commentary: Separating Play and Critique—Postmodern and Critical Perspectives on TQM/BPR.” Journal of Management Inquiry, 7(2), 154–160.

    Article  Google Scholar 

  • Levine, M.E. (1992). “Managing for the Future.” New York Times Book Review, March 8.

    Google Scholar 

  • Miles, M. (1999). Personal communication to the author, January 18.

    Google Scholar 

  • Miles, M., M. Eppli, and M. Kummerow. (1998). “The Graaskamp Legacy.” Real Estate Finance (Spring), 15(1), 84–91.

    Google Scholar 

  • Miles, M., M. Kummerow, and M. Eppli. (1992). Paper presented at the AREUEA meetings, New Orleans, January.

    Google Scholar 

  • Mintzberg, H. (1990). “The Design School: Reconsidering the Basic Premises of Strategic Management.” Strategic Management Journal 11(3), 171–195.

    Article  Google Scholar 

  • Mintzberg, H. (1994). The Rise and Fall of Strategic Planning. New York: Free Press.

    Google Scholar 

  • Mitroff, LI. (1998). “On the Fundamental Importance of Ethical Management: Why Management Is the Most Important of All Human Activities.” Journal of Management Inquiry (March), 68.

    Google Scholar 

  • Nourse, H. (1999). Personal communication to the author, January 24.

    Google Scholar 

  • Peck, M.S. (1995). In Search of Stones: A Pilgrimage of Faith, Reason and Discovery. New York: Hyperion.

    Google Scholar 

  • Penn, M. (1998). “Hail to the Chief.” On Wisconsin (March-April), 31.

    Google Scholar 

  • Pierson, Frank C. (1959). The Educations of American Business Men. New York: McGraw Hill.

    Google Scholar 

  • Popper, K., and P. Camiller. (1999). All Life Is Problem Solving. New York: Routledge Press.

    Google Scholar 

  • Ray, M., and R. Myers. (1986). Creativity in Business. New York: Doubleday.

    Google Scholar 

  • Robbins, M. (1999). Personal communication to the author, March.

    Google Scholar 

  • Roulac, S.E. (1972–1988). Conversations with James A. Graaskamp.

    Google Scholar 

  • Roulac, S.E. (1976). “Can Real Estate Returns Outperform Common Stocks?” Journal of Portfolio Management (Winter), 26–13.

    Google Scholar 

  • Roulac, S.E. (1977). “Real Estate Investment Analysis and Valuation: Economic Analysis, Disclosure, and Risk.” Real Estate Issues 2 (Winter), 8–25.

    Google Scholar 

  • Roulac, S.E. (1982). “Balancing Right-Brain Creativity and Left-Brain Discipline to Value Complex Real Property Interests.” Real Estate Appraiser and Analyst, pt. 1 (Summer) 49–53 and pt. 2 (Fall 1982), 49–50.

    Google Scholar 

  • Roulac, S.E. (1988). “The Chief’s Spirit Lives On.” Roulac’s Strategic Real Estate (May), 11.

    Google Scholar 

  • Roulac, S.E. (1994). “The Evolution of Real Estate Decisions.” J. DeLisle and J. Sa-Aadu, eds., Appraisal, Market Analysis, and Public Policy in Real Estate: Essays in Honor of James A. Graaskamp (pp. 15–63). Boston: Kluwer.

    Google Scholar 

  • Roulac, S.E. (1996). “State of the Discipline: Malaise or Renaissance.” Journal of Real Estate Research 1(2), 111–121.

    Google Scholar 

  • Roulac, S.E. (1999). “Being Right—in Speech, Action, and Livelihood—in Property Involvements.” Ethics in Real Estate. Research in Real Estate Monograph Series (pp. 3–37). Boston: Kluwer.

    Google Scholar 

  • Roulac, S.E., L. Lynford, and G.H. Castle. (1990). “Real Estate Decision Making in an Information Era.” Real Estate Finance Journal (Summer), 8.

    Google Scholar 

  • Schumpeter, J. (1950). Capitalism, Socialism and Democracy. New York: Harper & Row.

    Google Scholar 

  • Seldin, M. (1991). “A Paradigm for the Real Estate Body of Knowledge.” Paper presented at the ARES meeting, Sarasota, Florida, April 10–12.

    Google Scholar 

  • Smith, A. (1776). An Inquiry into the Natures and Causes of the Wealth of Nations. London: T. Cadell and U. Davies in the Strand.

    Google Scholar 

  • Spencer, R. (1993). The Craft of the Warrior. Berkeley: Frog.

    Google Scholar 

  • Toms, J., and M. Toms. (1998). To Work: The Sacred Dimension of Earning a Living. New York: Bell Tower.

    Google Scholar 

  • Vandell, K., and C. Carter. (1992). “James Graaskamp’s Concepts of Highest and Best Use: An Examination of his Writings.” Paper presented at the AREUEA meeting, New Orleans, January.

    Google Scholar 

  • Vernor, J. (1992). Personal communication to the author, March 1.

    Google Scholar 

  • Webb, J., and J. Albert. (1995). “Evaluating the Real Estate Journals: The Mainstream Finance Perspective.” Journal of Real Estate Research 10(2), 217–226.

    Google Scholar 

  • Weiss, M. (1992). “James A. Graaskamp, Richard T. Ely, and the Tradition of Real Estate and Urban Land Economics at the University of Wisconsin.” Paper presented at the AREUEA meeting, New Orleans, January.

    Google Scholar 

  • Wilbur, K. (1998). The Marriage of Sense and Soul: Integrating Science and Religion. New York: Random House.

    Google Scholar 

  • Wisconsin Real Estate Alumni Association. (1998). The Graaskamp Collection. CD-ROM of Graaskamp’s papers.

    Google Scholar 

  • Woodward, L. (1992). Personal communication to author, April 27.

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2000 Springer Science+Business Media New York

About this chapter

Cite this chapter

Roulac, S.E. (2000). Can an Eclectic Fiery “Chief” Be in the Mainstream? The Relationship of the Life and Work of James A. Graaskamp to Mainstream Real Estate Thought. In: DeLisle, J.R., Worzala, E.M. (eds) Essays in Honor of James A. Graaskamp: Ten Years After. Research Issues in Real Estate, vol 6. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-1703-0_1

Download citation

  • DOI: https://doi.org/10.1007/978-1-4615-1703-0_1

  • Publisher Name: Springer, Boston, MA

  • Print ISBN: 978-1-4613-5686-8

  • Online ISBN: 978-1-4615-1703-0

  • eBook Packages: Springer Book Archive

Publish with us

Policies and ethics