Abstract
This paper discusses the concept of public value in relation to government ICT investment from three perspectives – theory foundations, assessment methods, and an application example. The discussion of theory foundations combines attention to the roots of the concept of public value in political philosophy and public administration. The origins of the concept of public value are discussed in terms of foundational ideas in political and moral philosophy about the nature of the good society: utilitarianism and the social contract. The concern with public value, or utility, in early Western moral and political philosophy is central to the two major schools of thought, utilitarian and social contractarian. The social order that produces the greatest good or utility for the greatest number is preferred in the utilitarian perspective. The contractarian view holds that a good society should be based on shared principles and arrangements that avoid the potential evils of unconstrained greed. Though these two views political and moral philosophy differ, they weave similar connections among the basic concept of value, individual interests, societal interests, and institutional forms. These concepts and connections are basic to the public value framework.
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