As individuals, we depend on the services that governments provide. Collectively, we look to them to tackle the big problems - from long-term climate and demographic change to short-term crises like pandemics or war. Funding this activity, and managing the required finances sustainably, is difficult – and getting more so.But governments don't provide – or use – basic financial information that every business is required to maintain. They ignore the value of public assets and most l...

How to leverage existing resources to meet the current and future needs of citiesCrumbling streets and bridges. Poorly performing schools and inadequate social services. These are common complaints in cities, which too often struggle just to keep the lights on, much less make the long-term investments necessary for future generations.It doesn't have to be this way. This book by two internationally recognized experts in public finance describes a new way of re...

We have spent the last three decades engaged in a pointless and irrelevant debate about the relative merits of privatization or nationalization. We have been arguing about the wrong thing while sitting on a goldmine of assets.Don’t worry about who owns those assets, worry about whether they are managed effectively.Why does this matter? Because despite the Thatcher/ Reagan economic revolution, the largest pool of wealth in the world – a global total that is much larger than ...