The "three big questions" of the title include: What is 'public value'?; Is public value different from the aggregation of private values?; Is it possible to identify and evaluate public values? The author provides qualified responses to each of these questions and then turns to the issue of...

The "three big questions" of the title include: What is 'public value'?; Is public value different from the aggregation of private values?; Is it possible to identify and evaluate public values? The author provides qualified responses to each of these questions and then turns to the issue of...