Market-Based Governance: Supply Side, Demand Side, Upside, and Downside

Brookings Institution Press
Free sample

The latest in a series exploring twenty-first-century governance, this new volume examines the use of market means to pursue public goals. ¡°Market-based governance¡± includes both the delegation of traditionally governmental functions to private players, and the importation into government of market-style management approaches and mechanisms of accountability. The contributors (all from Harvard University) assess market-based governance from four perspectives: The ¡°demand side¡± deals with new, revised, or newly important forms of interaction between government and the market where the public sector is the ¡°customer.¡± Chapters in this section include Steve Kelman on federal procurement reform, Karen Eggleston and Richard Zeckhauser on contracting for health care, and Peter Frumkin. The ¡°supply side¡± section deals with unsettled questions about government¡¯s role as a provider (rather than a purchaser) within the market system. Contributors include Georges de Menil, Frederick Schauer and Virginia Wise. A third section explores experiments with market-based arrangements for orchestrating accountability outside government by altering the incentives that operate inside market institutions. Chapters include Robert Stavins on market-based environmental policy, Archon Fung on ¡°social markets,¡± and Cary Coglianese and David Lazer. The final section examines both the upside and the downside of the market-based approach to improving governance. Contributors include Elaine Kamarck, John D. Donahue, Mark Moore, and Robert Behn. An introduction by John D. Donahue frames market-based governance as an effort to engineer into public work some of the ¡°intensive¡± accountability that characterizes markets without surrendering the ¡°extensive¡± accountability of conventional government. A preface by Joseph S. Nye Jr. sets the book in the context of a larger inquiry into the future of governance.
Read more

About the author

John D. Donahue is Raymond Vernon Lecturer in Public Policy at Harvard University's Kennedy School of Government. Joseph S. Nye Jr. is University Distinguished Service Professor at the Harvard Kennedy School and a former assistant secretary of defense for international security affairs and chair of the National Intelligence Council.

Read more



Additional Information

Brookings Institution Press
Read more
Published on
May 26, 2004
Read more
Read more
Read more
Read more
Best For
Read more
Read more
Business & Economics / Public Finance
Political Science / Public Affairs & Administration
Read more
Content Protection
This content is DRM protected.
Read more

Reading information

Smartphones and Tablets

Install the Google Play Books app for Android and iPad/iPhone. It syncs automatically with your account and allows you to read online or offline wherever you are.

Laptops and Computers

You can read books purchased on Google Play using your computer's web browser.

eReaders and other devices

To read on e-ink devices like the Sony eReader or Barnes & Noble Nook, you'll need to download a file and transfer it to your device. Please follow the detailed Help center instructions to transfer the files to supported eReaders.
The stakes have seldom been higher for public service. Security concerns are surging to the foreground. New or neglected economic and social problems demand fresh thinking and deft action. Technology-driven improvements in the business sector raise citizens' expectations for performance. Government's capacity to deliver, meanwhile, too often falls short. The perception of government as bureaucratic and inflexible—and the blunt reality of uncompetitive salaries—can make talented people hesitate to take on public jobs. Many civic-minded young Americans opt reluctantly for business careers or turn to the nonprofit sector as a more appealing setting for doing good. Yet as John Adams advised his son, "public business must be done by someone." In our day, as Adams's, the urgency and complexity of much public business call for the talents of the very best. In this wide-ranging book, scholars from the Visions of Governance in the Twenty-First Century program at Harvard University examine what is broken in public service and how it can be fixed. Three interrelated long-term trends are changing the context of government in this century: "marketization," globalization, and the information revolution. These forces are acting to diffuse a degree of power, responsibility, and even legitimacy away from central governments. Public service in the era of distributed governance depends less on traditional aptitudes for direct administration and more on a subtler, sophisticated set of analytical and managerial skills. Those who labor for the people still need to discern public value through policy analysis and work the organizational machinery of government. But they must also be able to orchestrate the operations of far-flung networks involving a range of actors in different sectors. The authors argue that we are witnessing not the end of public service, but its evolution. While the evidence and arguments presented in this book make it hard to deny that many aspects of public service are strained, bent, or even broken, they also offer grounds for optimism that public service can be refurbished and reshaped to fit today's shifting challenges.
The classic guide to constructing a solid portfolio—without a financial advisor!

“With relatively little effort, you can design and assemble an investment portfolio that, because of its wide diversification and minimal expenses, will prove superior to the most professionally managed accounts. Great intelligence and good luck are not required.”

William Bernstein’s commonsense approach to portfolio construction has served investors well during the past turbulent decade—and it’s what made The Four Pillars of Investing an instant classic when it was first published nearly a decade ago.

This down-to-earth book lays out in easy-to-understand prose the four essential topics that every investor must master: the relationship of risk and reward, the history of the market, the psychology of the investor and the market, and the folly of taking financial advice from investment salespeople.

Bernstein pulls back the curtain to reveal what really goes on in today’s financial industry as he outlines a simple program for building wealth while controlling risk. Straightforward in its presentation and generous in its real-life examples, The Four Pillars of Investing presents a no-nonsense discussion of:

The art and science of mixing different asset classes into an effective blend The dangers of actively picking stocks, as opposed to investing in the whole market Behavioral finance and how state of mind can adversely affect decision making Reasons the mutual fund and brokerage industries, rather than your partners, are often your most direct competitors Strategies for managing all of your assets—savings, 401(k)s, home equity—as one portfolio

Investing is not a destination. It is a journey, and along the way are stockbrokers, journalists, and mutual fund companies whose interests are diametrically opposed to yours.

More relevant today than ever, The Four Pillars of Investing shows you how to determine your own financial direction and assemble an investment program with the sole goal of building long-term wealth for you and your family.

"هذا الكتاب إسهام مفهومي مهم وقاطع الحدة في فهم أعمق للسياسة العالمية وفي سياسة خارجية أكثر حكمة، يقدمه واحد من ابرز الباحثين في السياسة الدولية".
زبغنيو بريجنسكي
"عندما صاغ جوزيف ناي عبارة " القوة الناعمة " قبل عقد من الزمن، فإنها غيرت طريقتنا في تحليل القضايا العالمية. وفي هذا الكتاب المهم الجديد، يشرح سبب الأهمية القصوى لهذا المفهوم من التأثير الصاعق الحسم عن طريق الجاذبية القوية لثقافتنا ومُثُلنا، وليس عن طريق القوة الصلبة لعضلاتنا العسكرية والاقتصادية في عالم يحدده تدفق المعلومات ويهدده الإرهاب. فهو يرينا الأمثلة الواضحة والتحليل المتألق كيف كان تبديد قوتنا الناعمة هو أخطر أخطاء أميركا. إن كل من يأمل أن يرى قيمنا تَسُود فليقرأ هذا الكتاب".
 - والتر إيزاكسون، مؤلف كتاب بنيامين فرانكلين: حياة أميركية، ورئيس معهد آسبن
" تعتمد القيادة الأميركية على قدرتنا على الإقناع والاجتذاب، وليس على الأمر والإرغام فحسب. " إن قوة أميركا الناعمة " - أي قوة ثقافتنا وقيمنا وجاذبيتها - يجب أن تنعكس بوضوح في سياستنا الخارجية ودبلوماسيتنا العامة. فلا يمكن تبديد القوة الناعمة، وإلا فقد نفقد الجيل القادم في العالم للنزعة المعادية لأميركا فتكسبه منا السياسة الأصولية المتشددة. إن جو ناي يقدم الإطار الفكري، وكذلك التوصيات السياسية الواضحة الرؤية للحفاظ على القيادة الأميركية في القرن الحادي والعشرين.
- السناتور الأميركي تشاك هاغل
تحتاج الولايات المتحدة إلى دعم البلدان والشعوب الأخرى أكثر من أي وقت مضى، ولاسيما المسلمين المعتدلين، وفي كتاب القوة الناعمة يشرح جوزيف ناي بطريقته الجلية المعتادة كيف نستطيع أن نعرض قضيتنا بطريقة أفضل ونجعل سياستنا أكثر جاذبية للآخرين. إن النصيحة في هذا الكتاب تشير إلى طريق النجاح في كسب الحرب على الإرهاب".
- الجنرال برنت سكوكروفت

 العبيكان للنشر
©2018 GoogleSite Terms of ServicePrivacyDevelopersArtistsAbout Google
By purchasing this item, you are transacting with Google Payments and agreeing to the Google Payments Terms of Service and Privacy Notice.