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- Title
Public Value Accounting: Establishing the Philosophical Basis.
- Authors
Moore, Mark H.
- Abstract
Questions of how best to define the ends, justify the means, and measure the performance of governments have preoccupied political economists for centuries. Recently, the concept of public value-defined in terms of the many dimensions of value that a democratic public might want to see produced by and reflected in the performance of government-has been proposed as an alternative approach. This article develops three philosophical claims central to the practice of public value accounting: (1) when the collectively owned assets of government are being deployed, the appropriate arbiter of public value is the collectively defined values of a 'public' called into existence and made articulate through the quite imperfect processes of democratic governance; (2) the collectively owned assets include not only government money but also the authority of the state; (3) the normative framework for assessing the value of government production relies on both utilitarian and deontological philosophical frameworks.
- Subjects
ACCOUNTING; ASSETS (Accounting); ACCOUNTS receivable; ECONOMISTS; UTILITARIANISM; DEONTOLOGICAL ethics
- Publication
Public Administration Review, 2014, Vol 74, Issue 4, p465
- ISSN
0033-3352
- Publication type
Article
- DOI
10.1111/puar.12198