Posts tagged public service
Putting value creation back into public value

While value creation has long been discussed in the private sector, the concept of value creation by the public sector is largely absent. Until recently there has been no clear role for the public sector to create value itself – the term ‘public value’ does not even exist in economics. However a new paper by Mariana Mazzucato and Josh Ryan-Collins at the UCL Institute for Innovation and Public Purpose proposes ways that public value can be created using a theory of collective public value creation. This article orginally appeared in The Mandarin and is authored by Maria Katsonis.

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