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AbstractWe extend an influential contribution to the literature on agency theory and then use this extension, along with other theoretical contributions, to shed light on agency problems affecting funds management and financial planning in Australia. The case for pure fee‐for‐service in actively managed funds and plans turns out to be weak. The amount of money exposed to risk by an active manager should be less than the entire investible wealth of the client, especially in the case of investors on the cusp of retirement. Asset‐based fees on actively managed funds should include a fulcrum component.

Contents -- Chapter I. What Is Social Planning? -- Chapter II. Social Planning and American Society -- Chapter III. Definition of the Task: Facts, Projections, and Inventories -- Chapter IV. Definition of the Task: Values and Preferences -- Chapter V. Formulation of Policy, the Standing Plan -- Chapter VI. Policy: Types and Levels of Intervention -- Chapter VII. Thinking About Policy: Additional Dimensions -- Chapter VIII. General Considerations in Programming -- Chapter IX. Program Budgeting and Cost Effectiveness -- Chapter X. Programming Problems in Social Service Delivery

"Reflective Planning Practice: Theory, Cases and Methods uses structured, first-person reflection to reveal the artistry of planning practice. The value of professional reflection is widely recognized, but there is a difference between acknowledging it and doing it. This book takes up that challenge, providing planners' reflections on past practice as well as prompts for reflecting in the midst of planning episodes. It explains the reflection framework employed in seven case studies written by planning educators who also practice. The cases reveal practical judgments made during the planning episode and takeaways for practice, as the planners used logic and emotion, and applied convention and invention. The case authors share their personal experiences, purposes, and professional style, and their interpretation of the rich context that underpins the cases including theories, socio-political aspects, workplace setting, and roles. The book seeks to awaken students and practitioners to the opportunities of a pragmatic, reflective approach to planning practice"--

This special issue seeks to return the urban to the heart of planning theory. In doing so, it has three objectives. Firstly, it highlights particular urbanisms: how they are produced, lived and negotiated, from New York to Bogota. The articles thus draw attention to the multiplicity of urbanisms that constitute the contemporary world system, thereby disrupting the rather restricted analytics of global cities and world cities. Secondly, the articles pay careful attention to the forms of worlding at work in such urbanisms, demonstrating how the production of the urban takes place in the crucible of modernizing projects of development, regimes of immigration and governance and experiments with neoliberalism and market rule.Thirdly, this special issue seeks to explore the implications of such research and analysis for the field of ideas currently constituted as planning theory. How does the study of urbanisms allow a rigorous understanding of planning as the organization and transformation of space? How can planning theory make sense of seemingly unplanned spaces that lie outside the grid of visible order? In what ways is planning itself a worlding practice, such that models, best practices, expertise and capital circulate in transnational fashion, creating new worlds of planning common sense?

"Democracy" is a frequently used concept in the Western planning field. Scholars, practitioners, and citizens alike regularly deploy it to both explain and contest the nature and legitimacy of urban governance. And yet, in the planning literature, the concept of democracy itself is rarely explained or debated. The assumption being made is that its root meaning for planning is self-evident or agreed upon: public participation in, or mobilization against urban governance. However, my argument in this thesis proceeds from the opposite assumption: that far from self-explanatory or accepted, the contested meanings ascribed to democracy play a central role in shaping conflicts and experiences in planning—both in the literature and in practice. My overarching aim is to contribute with knowledge on this role by specifically examining what the substantial meaning of democracy is assumed to be according to actors in the field; that is, among planning scholars, practitioners, and citizens. The thesis is comprised of a cover essay and four empirical papers based on qualitative case study research on local authority planning in Sweden. In the cover essay, I explore the meanings ascribed to democracy among planning actors, first, by conducting a careful reading of key theoretical texts in the field and, second, by analyzing the individual papers' key findings. To help elicit these rarely explained, often implicit democratic meanings among planning actors, I develop a theoretical framework based on the work of historian Pierre Rosanvallon. He understands the democratic project as a ceaseless attempt to resolve the fundamental indeterminacy as to what constitutes its substantial meaning. This perpetual project is nourished by a deep-seated incompatibility between three of democracy's central ideological components: voluntarism, rationalism, and liberalism. Their incompatibility stems from how each of them is regularly mobilized in response to the pathological tendencies ascribed to the other. These responses, in turn, can be ...