Public Value and the Digital Economy


Book Description

How can the public manager create and co-create value in the digital economy? While there is much exciting work being done, there is a pressing need to recontextualize public value theory (PVT), specifically in terms of its theoretical precepts, in the fluid and dynamic environment that the digital economy has produced. Much of the theoretical undergirding of PVT predates the full onset of today’s digital economy, leaving aside phenomena including citizen-driven innovations, decentralized digital structures, and the algorithmic foundations of new economic life. This is why a conceptually driven exercise in contemporizing PVT would be of great value to public administration’s theoreticians seeking to lead the theory in catching up to the praxis. This book seeks to answer the question of creating and co-creating public managerial value by developing chapters that revisit categories central to the functions of public managers in relation to other value-creating agents under PVT. It introduces new and important lenses to PVT that are grounded in the praxis of the digital economy, raising new questions about old problems in PVT and generating newer formulations that push PVT forward and make its debates salient to the futures that lay before the modern public manager. The book therefore constitutes an important effort to take PVT forward by shedding new light on the potency of the public manager in confronting and constructing the digital economy through co-creation with the other agents of public value. It will be of interest to researchers, academics, and policy makers in the fields of public and nonprofit management, public administration and policy, and PVT.




The Digital Economy


Book Description

Looks at how the Internet is affecting businesses, education, and government, touching on the twelve themes of the new economy and privacy issues




Tax and the Digital Economy


Book Description

The increasingly digitalized global economy is undermining the usefulness of many traditional tax concepts. In addition to issues of double taxation and double non-taxation, important questions arise concerning the allocation of taxing rights in respect of income from cross-border digital transactions. This is the first book to analyse what changes are possible, necessary and feasible in order to forestall the unravelling of the existing international tax framework. Focusing in turn on the legal framework, specific proposals for adapting tax concepts for the digital economy, types of transactions and administrative issues such as those around data protection and digital currencies, the expert contributors discuss such challenges to taxation as the following: the pervasiveness of intangible assets; new value creation models; the ascendance of the sharing economy and digital services; virtual currencies; the importance of user participation for digital platforms; cloud computing; the impact of Big Data on tax enforcement; virtual business presence; and the influence of robotization. Throughout, the authors describe and analyse proposals made by the Organisation for Economic Co-operation and Development (OECD), the European Union (EU) and individual countries and their likely impact going forward. They also attend to the limits imposed on reform possibilities by public international law, EU law and constitutional law. It is generally acknowledged that there is a need to monitor how the digital transformation may be impacting value creation. This book is a key milestone toward developing a durable, long-term solution to the tax challenges posed by the digitalization of the economy. With its thorough scrutiny of proposals for digital services tax and virtual permanent establishments, insightful analysis of digital services and detailed description of the impact of big data on tax administration and taxpayer protection, it will quickly prove indispensable for tax practitioners and the international tax community more generally.




Public Value and the Post-Pandemic Society


Book Description

The destruction of the Covid-19 pandemic has marked every society with deep-seated wounds whose scars have only begun to heal. Yet, even as societies take their first steps away from the trauma of the pandemic, they confront new and perhaps equally daunting challenges in the post-Covid era. These challenges offer a unique occasion to consider how the mechanisms of public value (PV) creation and preservation can be rebuilt and improved, mindful of what has been left in the pandemic’s wake, and of the difficult road that lies ahead. The aim of this book, then, is to examine the forward-looking possibilities of multi-stakeholder value co-creation, which involves the renewed efforts of civil society, public managers, politicians, and society-at-large in a new post-pandemic era. The book examines many different facets that appeal deeply to public value scholarship: value stability & transitions, inequalities within & between publics, necropolitics, disaster preparedness, value measurement, and sustainability, all of which represent important explorations within public value theory, and can greatly enrich PV research going forward. This book will therefore be of use to both academics and practitioners of public administration and public policy, as well as scholars of government, health care policy, and economics.




Pandemics and Public Value Management


Book Description

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.




Public Value


Book Description

This text provides a concise and internationalized restatement of the public value approach, an assessment of its impact to date - in theory and practice - and of its particular relevance to the challenges of public management in a time of crisis and austerity.




Activist Retail Investors and the Future of Financial Markets


Book Description

Contemporary financial markets have been characterized by sociocultural phenomena such as "meme stocks", the Gamestop short squeeze, and "You Only Live Once (YOLO) trading". These are movements led by small-scale retail investors banding together to participate forcefully in financial markets through decentralized but coordinated actions. This book deploys many different subdisciplines to explore the recent ‘power grabbing’ of retail investors and the online environment that enables them to join the ranks of major financial players, and participate in contemporary capitalism. It offers multiple perspectives on the genesis, role, motivations, power, and future prospects of retail investors as a force in contemporary financial markets. Drawing upon the insights of authors hailing from many different countries, the book frames YOLO capitalism through numerous angles that help to explain the context and the importance of activist retail investors in modern financial markets, and thereby explore the possibilities of a transformed financial future with much wider small-scale participation. The book assesses the potential of online - and other - communities in enabling global coordination in impacting or even driving financial and crypto markets, and the challenges that come with it and weighs the competing narratives both positive and negative regarding YOLO capitalism. It strikes a balanced assessment of their legal, cultural, behavioural, economic, and political roles in modern finance. This book will be of interest to a multidisciplinary and interdisciplinary audience of scholars in financial markets, financial regulation, political economy, public administration, macroeconomics, corporate governance, and the philosophy and the sociology of finance.




Mission Economy


Book Description

Longlisted for the 2021 Porchlight Business Book Awards, Big Ideas & New Perspectives “She offers something both broad and scarce: a compelling new story about how to create a desirable future.”—New York Times An award-winning author and leading international economist delivers a hard-hitting and much needed critique of modern capitalism in which she argues that, to solve the massive crises facing us, we must be innovative—we must use collaborative, mission-oriented thinking while also bringing a stakeholder view of public private partnerships which means not only taking risks together but also sharing the rewards. Capitalism is in crisis. The rich have gotten richer—the 1 percent, those with more than $1 million, own 44 percent of the world's wealth—while climate change is transforming—and in some cases wiping out—life on the planet. We are plagued by crises threatening our lives, and this situation is unsustainable. But how do we fix these problems decades in the making? Mission Economy looks at the grand challenges facing us in a radically new way. Global warming, pollution, dementia, obesity, gun violence, mobility—these environmental, health, and social dilemmas are huge, complex, and have no simple solutions. Mariana Mazzucato argues we need to think bigger and mobilize our resources in a way that is as bold as inspirational as the moon landing—this time to the most ‘wicked’ social problems of our time.. We can only begin to find answers if we fundamentally restructure capitalism to make it inclusive, sustainable, and driven by innovation that tackles concrete problems from the digital divide, to health pandemics, to our polluted cities. That means changing government tools and culture, creating new markers of corporate governance, and ensuring that corporations, society, and the government coalesce to share a common goal. We did it to go to the moon. We can do it again to fix our problems and improve the lives of every one of us. We simply can no longer afford not to.




Decentralized Autonomous Organizations


Book Description

Decentralized Autonomous Organizations (DAOs) constitute a comparatively novel area in academic research and scholarship, but the budding interest in this category of digital and algorithmic organization across various disciplines provides an indication of the possibilities that DAOs wield in terms of informing and advancing our understanding of the potentialities of the digital economy's forthcoming iterations. It also points towards practical use cases to solve problems that the increasing decentralization and amorphization of the structures of the digital economy portend. At the same time, DAOs are afflicted by various strands of skepticism that are attributable to their vulnerabilities, subjacent hype, ultimate purpose, and usefulness. This skepticism also requires scholarly attention and careful study through multidisciplinary perspectives, as further research may come to either dispel or confirm the array of concerns that continue to loom large about DAOs as technological, governance, societal, and economic instruments in the future. With all this in mind, the aim of this book is to offer multiple studied perspectives that explore DAOs from a variety of perspectives across several disciplinary prisms. It does not seek simply to weigh the balance of DAO's merits and demerits, but rather to conceive, appreciate, and discover various elements of ultimate import to DAOs over their future evolutionary course. Drawing upon the insights of interdisciplinary subject matter experts, this book allows for a holistic enquiry into the role, potential and limitations of DAOs. The book will thus be of interest to a multidisciplinary audience of scholars in organizational studies, computer science, economics, sociology of technology, philosophy, law, and the governance of innovation.




Smart City Implementation


Book Description

In a series of essays, this book describes and analyzes the concept and theory of the recent smart city phenomenon from a global perspective, with a focus on its implementation around the world. After defining the concept it then elaborates on the role of Information and Communication Technology (ICT) as an enabler for smart cities, and the role of ICT in the interplay with smart mobility. A separate chapter develops the concept of an urban smart dashboard for stakeholders to measure performance as well as the economic and public value. It offers examples of smart cities around the globe, and two detailed case studies on Genoa and Amsterdam exemplify the book’s theoretical and empirical findings, helping readers understand and evaluate the effectiveness and capability of new smart city programs.




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