Public Agency Capabilities and Transformational Challenges of the 21st Century
Abstract Combining economic theories of state and market failure with insights from other disciplines, a framework for addressing the kind of intertwined state/market failure characteristic for eras of major socioeconomic transformations is introduced. Under transformational challenges, the agency c...
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2020-07-01
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| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-020-2700-9 |
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doaj-a3dce917dcfe4c2bbd61ccb8e696d9d52021-07-18T11:35:57ZdeuSpringerWirtschaftsdienst0043-62751613-978X2020-07-01100753153710.1007/s10273-020-2700-9Public Agency Capabilities and Transformational Challenges of the 21st CenturyRichard Sturn0Institut für Finanzwissenschaft und Öffentl. Wirt., Universität GrazAbstract Combining economic theories of state and market failure with insights from other disciplines, a framework for addressing the kind of intertwined state/market failure characteristic for eras of major socioeconomic transformations is introduced. Under transformational challenges, the agency capacity of public sector is under stress due to a combination of two specific factors: (a) new coordination problems and social dilemmas, inter alia requiring changing degrees of centralisation of collective agency in a world of polycentric governance and (b) shifting rent potentials, which pre-empt public agency by multiplying situations where private agents have the means and the incentives to invest in rentenhancing and distortive rule setting (shadow politics). Coping with those challenges is a necessary condition for forwardlooking public policies.https://doi.org/10.1007/s10273-020-2700-9 |
| collection |
DOAJ |
| language |
deu |
| format |
Article |
| sources |
DOAJ |
| author |
Richard Sturn |
| spellingShingle |
Richard Sturn Public Agency Capabilities and Transformational Challenges of the 21st Century Wirtschaftsdienst |
| author_facet |
Richard Sturn |
| author_sort |
Richard Sturn |
| title |
Public Agency Capabilities and Transformational Challenges of the 21st Century |
| title_short |
Public Agency Capabilities and Transformational Challenges of the 21st Century |
| title_full |
Public Agency Capabilities and Transformational Challenges of the 21st Century |
| title_fullStr |
Public Agency Capabilities and Transformational Challenges of the 21st Century |
| title_full_unstemmed |
Public Agency Capabilities and Transformational Challenges of the 21st Century |
| title_sort |
public agency capabilities and transformational challenges of the 21st century |
| publisher |
Springer |
| series |
Wirtschaftsdienst |
| issn |
0043-6275 1613-978X |
| publishDate |
2020-07-01 |
| description |
Abstract Combining economic theories of state and market failure with insights from other disciplines, a framework for addressing the kind of intertwined state/market failure characteristic for eras of major socioeconomic transformations is introduced. Under transformational challenges, the agency capacity of public sector is under stress due to a combination of two specific factors: (a) new coordination problems and social dilemmas, inter alia requiring changing degrees of centralisation of collective agency in a world of polycentric governance and (b) shifting rent potentials, which pre-empt public agency by multiplying situations where private agents have the means and the incentives to invest in rentenhancing and distortive rule setting (shadow politics). Coping with those challenges is a necessary condition for forwardlooking public policies. |
| url |
https://doi.org/10.1007/s10273-020-2700-9 |
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