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value reporting

"So-called "value reporting" is the claim that illiquid economic intangibles? have specific value - see value creation.

The most controversial form of value reporting is measuring well-being in the public sector.

On a smaller scale, value reporting is the raison d'etre of management accounting. ... people have very different ideas about value creation ... even the factors are poorly catalogued:
...
The most strident calls for value reporting are probably in the public sector where all results are so diluted and invisibly liquidated that investments are difficult to justify at the best of times. Proposals for public accounts reform, e.g. in Canada, often follow directly on outrage at "wasteful", i.e. perceived as non-value-creating, spending.

Choices on who to trust to manage such expenditures are at least partly on an ideological basis:

  • "the right" has a bias towards financial metrics and privatization and debt reduction
  • "the left" has a bias towards social metrics and publicmanagement and human well-being (and measures thereof)

By contrast, Greens emphasize performance of actual management on some objective basis such as ecological yield or the delivery of specific human effort substitution by nature's services. Frameworks for this approach are in their infancy, but an influential 1995 report supervised by Robert Costanza? reported the financial value of all of nature's seventeen primary services to mankind at a price of US$33T in that year. This exceeded the US$25T number for the entire human economy. "

- from hubley.org cite value_reporting(external link), this portion released for fair dealing? or for re-incorporation in definitions under CC-by-nc-sa.


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