Public Value Theory And Budgeting
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Public Value Theory and Budgeting
Public value theory has advanced over the past 30 years, but there is a need to extend its boundary outwards into new contexts and update its discourse to reflect new social challenges. We are now trying to create value in a globalized world, with supranational entities, with new international alliances and institutions, in a frightening post-truth era. How can public managers grapple with these emerging realities? This book seeks to provide answers to such public value questions by applying powerful budgeting perspectives. Using case studies of independent budget offices, key fiscal instruments, and leading public value frameworks, this book stands out in its use of budgetary lenses to answer pertinent questions about the multidimensional processes of value creation by and for a wider society. Pushing the debate on public value forward and taking it onto the global stage, the book asks whether public value (and other public administration theories) are applicable beyond the traditional context of the pro-globalization Western liberal democracies in which they were conceived. It does this by exploring the realms of developing countries, supranational entities, and post-Communist societies, among others. Finally, it presents these explorations in light of very recent sociopolitical trends and phenomena, including the growth of civil society, the global financial crisis, the illiberal democracy, and the post-truth era. Tailored to an audience comprising public administration scholars, students of government, budget practitioners, and social scientists interested in contemporary problems of values in society, this book helps to advance public administration thought by extending public value theory into new contexts and relating it to the growing global challenges of public life.
Pandemics and Public Value Management
Widespread crisis-events such as pandemics can impose an immense strain on societies’ multi-stakeholder efforts to preserve and sustain the mechanisms of public value (PV) creation. The global coronavirus (Covid-19) pandemic exemplifies this because it has pushed civil society, public managers, politicians, and society-at-large into uncharted waters, and at times brought them under exceptional duress. Then how can public value’s agents attempt to conceive, create, and preserve value under such disruptive circumstances? How could public value theory’s (PVT’s) theoretical precepts be informed by the pandemic? This book seeks to inform the PVT literature by drawing upon interesting lenses that have emerged in the wake of the coronavirus pandemic. It addresses PVT’s notions of value conflicts, post-Truth politics, multilateral PV, nationalism and the public, comparative PV creation, and PV in developing-country contexts, in order to construct a multi-stakeholder and internationally informed set of analyses on public value’s systems and agents in uniquely distressing circumstances such as pandemics. This book will therefore be of use to both academics and practitioners of public administration and public policy, as well as scholars of government, healthcare policy, and economics.
Budgeting and Performance Management in the Public Sector
Public sector management and accounting scholarship has witnessed enormous change over the last four decades. Several reform paradigms have become well-known and disseminated worldwide, under acronyms such as NPM – New Public Management, NPG – New Public Governance, and PV – Public Value. At the start of a new decade, questions arise as to what will come next. This book reviews and investigates the key components of NPM, NPM and PV, and discusses what lies beyond these acronyms. It analyses the claimed benefits and drawbacks of each of the three paradigms, using reviews of the pertinent literature, as well as a raft of case studies. The integration of theoretical and empirical insights contributes to a better understanding of what has changed and what has remained the same over the years. Specifically, this book stands out in its use of performance measurement and budgetary lenses to explore the multidimensional processes of reform and change in the public sector. By focusing on the crucially important transformations that have occurred in the field, reviewing several paradigms and analysing different practices from a longitudinal and comparative perspective, the book will be essential in guiding students and scholars of public management and accounting.