Abstract
This chapter provides an historical perspective by placing the teaching and research of James A. Graaskamp at the University of Wisconsin in the context of the pioneering contributions of Richard T. Ely, Ernest M. Fisher, Frederick M. Babcock, Coleman Woodbury, Morton Bodfish, A. D. Theobald, Mary L. Shine, Arthur J. Mertzke, Horace F Clark, Helen C Monchow, Herbert B. Dorau, Harlean James, Albert G Hinman, William N. Loucks, Rosalind Tough, Homer Hoyt, Herbert D. Simpson, Frank B. Williams, John E. Burton, Gertrude Harley, Richard U Ratcliff Richard B. Andrews, and many others to the field of real estate and urban land economics since the 1890s at Madison and through the Institute for Research in Land Economics and Public Utilities. The chapter describes eight key areas where James Graaskamp, as an academic and a professional consultant, advanced the state of the art in the field of real estate and urban land economics: institutional approach, conceptual framework, social context, public policy orientation, market research and analysis, critique of appraisal theory and practice, interdisciplinary scholarship, and education for real estate development. The common thread from Ely to Graaskamp is the strong commitment to utilizing the framework of institutional economics to define, analyze, and solve practical real estate problems.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Alexander, C. (1966). Notes on the Synthesis of Form. Cambridge, MA: Harvard University Press.
Babcock, F.M. (1924). The Appraisal of Real Estate. New York: Macmillan.
Babcock, F.M. (1932). The Valuation of Real Estate. New York: McGraw-Hill.
Babcock, F.M. (1939). “Influence of the Federal Housing Administration on Mortgage Lending Policy.” Journal of Land and Public Utility Economics 15(1) (February) 1–5.
Berens, G.L., ed. (1992). The Directory of Real Estate Development and Related Education Programs (4th ed.). Washington, DC: Urban Land Institute.
Bodfish, M. (1942). “Translating Research into Progress Through the Journal of Land and Public Utility Economics.” Journal of Land and Public Utility Economics 18(1) (February), 82–84.
Bodfish, M., and A.D. Theobald. (1938). Savings and Loan Principles. New York: Prentice-Hall.
Clark, H.F. (1930). Appraising the Home. New York: Prentice-Hall.
Clark, H.F., and F.A. Chase. (1925). Elements of the Modern Building and Loan Associations. New York: Macmillan.
Colean, M.L. (1975). A Backward Glance: The Growth of Government Housing Policy in the United States, 1934–1975. Washington, DC: Mortgage Bankers Association of America.
Congress for the New Urbanism. (1999). Charter of the New Urbanism. New York: McGraw-Hill.
Dorau, H.B., and A.G. Hinman. (1928). Urban Land Economics. New York: Macmillan.
Ely, R.T. (1902). The Coming City. New York: Crowell.
Ely, R.T. (1914). Property and Contract in Their Relation to the Distribution of Wealth. New York: MacMillan.
Ely, R.T. (1938). Ground Under Our Feet: An Autobiography. New York: Macmillan.
Ely, R.T., and E.W. Morehouse. (1924). Elements of Land Economics. New York: Macmillan.
Ely, R.T, M.L. Shine, G.B.L. Arner, M.I. Rostovtzeff, and R.H. Whitbeck. (1922). Urban Land Economics. Ann Arbor, MI: Edwards.
Ely, R.T, and G.S. Wehrwein. (1940). Land Economics. New York: Macmillan.
Federal Housing Administration. (1938). Underwriting Manual. Washington, DC: U.S. Government Printing Office.
Federal Housing Administration. (1940). Successful Subdivisions. Washington, DC: U.S. Government Printing Office.
Fisher, E.M. (1923). Principles of Real Estate Practice. New York: Macmillan.
Fisher, E.M. (1930). Advanced Principles of Real Estate Practice. New York: Macmillan.
Fisher, E.M. (1933). “Speculation in Suburban Lands.” American Economic Review 23(1) (March) 152–162.
Fisher, E.M. (1938). Home Mortgage Lending. New York: American Bankers Association.
Fisher, E.M., R.U. Ratcliff, and J.B. Philipson. (1935). Analysis of Housing in Peoria. Washington, DC: U.S. Government Printing Office.
Graaskamp, J.A. (1957). “Development and Structure of Mortgage Loan Guaranty Insurance in the United State.” Journal of Risk and Insurance 34(1) (March), 47–67.
Graaskamp, J. A. (1970). A Guide to Feasibility Analysis. Chicago: Society of Real Estate Appraisers.
Graaskamp, J.A. (1976a). “Impressions of the Marketability of TDRs, or Toward the Science of Cybernetics in the Space Age.” Appraisal Journal, 44(3) (July), 436–444.
Graaskamp, J.A. (1976b). “Redefining the Role of University Education in Real Estate and Urban Land Economics.” Real Estate Appraiser (March-April), 24–28, and (May-June), 17–18.
Graaskamp, J.A. (1977). The Appraisal of 25 North Pinckney: A Demonstration Case for Contemporary Appraisal Methods. Madison, WI: Landmark Research.
Graaskamp, J.A. (1981). Fundamentals of Real Estate Development. Washington, DC: Urban Land Institute.
Graaskamp, J.A. (1983–1984). “Overcoming the Obstacles to Education.” Journal of Real Estate Education 2 (Winter), 10–13.
Graaskamp, J.A. (1985). “Identification and Delineation of Real Estate Market Research.” Real Estate Issues 10(1) (Spring-Summer), 6–12.
Graaskamp, J.A. (1986). “Institutional Constraints on, and Forces for, Evaluation of Appraisal Precepts and Practices.” Real Estate Appraiser and Analyst 34(1) (Spring), 23–34.
Graaskamp, J.A. (1991a). “The Failure of the Universities to Teach the Real Estate Process as an Interdisciplinary Art Form.” In S.P. Jarchow, ed., Graaskamp on Real Estate (pp. 51–67). Washington, DC: Urban Land Institute.
Graaskamp, J. A. (1991b). “Redefinition of Fundamental Real Estate Concepts as a Key to Land Use Control and Investment Strategy.” In S.R Jarchow, ed., Graaskamp on Real Estate (pp. 488–494). Washington, DC: Urban Land Institute.
Gries, J.M., and J. Ford. (1932). Housing Objectives and Programs. Washington, DC: National Capital Press.
Hoyt, H. (1933). One Hundred Years of Land Values in Chicago: The Relationship of the Growth of Chicago to the Rise in Its Land Values, 1830–1933. Chicago: University of Chicago Press.
Hoyt, H. (1939). The Structure and Growth of Residential Neighborhoods in American Cities. Washington, DC: U.S. Government Printing Office.
Hurd, R.M. (1903). Principles of City Land Values. New York: Record and Guide.
Jarchow, S.P. (1991). Graaskamp on Real Estate. Washington, DC: Urban Land Institute.
James, H. (1926). Land Planning in the United States for the City, State, and Nation. New York: Macmillan.
Kinnard, W.N., Jr., ed. (1986). 1984 Real Estate Valuation Colloquium: A Redefinition of Real Estate Appraisal Precepts and Practices. Cambridge, MA: Lincoln Institute of Land Policy.
Loucks, W.N. (1929). The Philadelphia Plan of Home Financing. Chicago: Institute for Research in Land Economics and Public Utilities.
Mertzke, A.J. (1927). Real Estate Appraising. Chicago: National Association of Real Estate Boards.
Miles, M.E., G.L. Berens, and M.A. Weiss. (2000) Real Estate Development Principles and Process. Washington, DC: Urban Land Institute.
Miles, M.E., E.E. Malizia, M.A. Weiss, G.L. Berens, and G. Travis. (1991). Real Estate Development Principles and Process. Washington, DC: Urban Land Institute.
Monchow, H.C. (1928). The Use of Deed Restrictions in Subdivision Development. Chicago: Institute for Research in Land Economics and Public Utilities.
Monchow, H.C. (1939). Seventy Years of Real Estate Subdividing in the Region of Chicago. Chicago: Northwestern University Press.
Rader, B.G. (1966). The Academic Mind and Reform: The Influence of Richard T Ely in American Life. Lexington: University of Kentucky Press.
Ratcliff, R.U. (1949). Urban Land Economics. New York: McGraw-Hill.
Ratcliff, R.U. (1961). Real Estate Analysis. New York: McGraw-Hill.
Ratcliff, R.U. (1963). A Restatement of Appraisal Theory. Madison: University of Wisconsin School of Commerce.
Ratcliff, R.U. (1972). Valuation for Real Estate Decisions. Santa Cruz: Democratic Press.
Ratcliff, R.U. (1976). Recent Perspectives in Urban Land Economics. Vancouver: University of British Columbia Press.
Simpson, H.D. (1933). “Real Estate Speculation and the Depression.” American Economic Review 23(1) (March) 165–171.
Simpson, H.D., and J.E. Burton. (1930). The Valuation of Vacant Land in Suburban Areas. Chicago: Institute for Research in Land Economics and Public Utilities.
Theobald, A.D. (1930). Financial Aspects of Subdivision Development. Chicago: Institute for Research in Land Economics and Public Utilities.
U.S. Department of Commerce, Bureau of the Census. (1923). Mortgages on Homes. Washington, DC: U.S. Government Printing Office.
Weber, A.F. (1899). The Growth of Cities in the Nineteenth Century. New York: Macmillan.
Weiss, M.A. (1987). The Rise of the Community Builders: The American Real Estate Industry and Urban Land Planning. New York: Columbia University Press.
Weiss, M.A. (1988). “Planning Education and Research: Retrospect and Prospect.” Journal of Planning Education and Research 7(2) (Winter), 96–97.
Weiss, M.A. (1989a). “Marketing and Financing Homeowner ship: Mortgage Lending and Public Policy in the United States, 1918–1989.” Business and Economic History 2(1), 109–118.
Weiss, M.A. (1989b). “Richard T. Ely and the Contribution of Economic Research to National Housing Policy, 1920–1940.” Urban Studies 26(1) (February), 115–126.
Weiss, M.A. (1990). “Developing and Financing the ‘Garden Metropolis’: Urban Planning and Housing Policy in Twentieth Century America.” Planning Perspectives 5(3) (September), 307–319.
Weiss, M.A. (1992). “The Politics of Real Estate Cycles.” Urban Land 51(3) (March), 33–35.
Williams, F.B. (1922). The Law of City Planning and Zoning. New York: Macmillan.
Woodbury, C. (1931). The Trend of Multi-Family Housing in Cities in the United States. Chicago: Institute for Research in Land Economics and Public Utilities.
Woodbury, C. (1949). “Richard T. Ely and the Beginnings of Research in Urban Land and Housing Economics.” Land Economics 25(1) (February) 55–66.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2000 Springer Science+Business Media New York
About this chapter
Cite this chapter
Weiss, M.A. (2000). James A. Graaskamp, Richard T. Ely, and the Tradition of Real Estate and Urban Land Economics at the University of Wisconsin. 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_16
Download citation
DOI: https://doi.org/10.1007/978-1-4615-1703-0_16
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4613-5686-8
Online ISBN: 978-1-4615-1703-0
eBook Packages: Springer Book Archive