In This Review

Social Value Investing: A Management Framework for Effective Partnerships
Social Value Investing: A Management Framework for Effective Partnerships
By Howard W. Buffett and William B. Eimicke
Columbia University Press, 2018, 448 pp

Buffett and Eimicke draw on examples of successful public-private partnerships (as well as some not-so-successful ones) to explain how policymakers should go about designing them. Such projects are rising in popularity as cash-strapped governments often find themselves unable to finance even traditional public services, let alone desirable new ones, and private actors—philanthropists, nongovernmental organizations, and businesses—are able to bring useful knowledge and skills as well as funds to bear on social problems. Buffett and Eimicke recount partnerships that rejuvenated parks in Chicago and New York City, upgraded the technology used by the New York City Fire Department, digitized social services in India, and improved farming practices in Herat Province, in Afghanistan. They draw lessons from these examples on how best to structure such partnerships, set practical timelines, and involve local people and groups.