During 2006-2016, the arts policy scholarship coalesced around explicit public-value orientations, foregrounding evaluation, impact assessment, and ethical considerations in funding and governance. Funding dynamics reveal ongoing interactions between public funding and private philanthropy, with crowding-out effects and philanthropic responses to state spending patterns across diverse contexts. Policy-making emphasizes inclusion and community involvement, leveraging instrument-based policies, community arts spaces, and neighborhood-oriented governance, while arts, health, social practice, and creative placemaking emerged as central policy aims linking culture to wellbeing and place-based development. Historical Significance: The period produced influential works that reframed policy discourse around value, accountability, and place-based development. Foundational policy texts formalized definitions and analytical approaches, highlighting tensions between global creative economy narratives and local development strategies, as well as debates on funding and accountability in arts education. The emergence of creative placemaking as a policy instrument and the critique of monetized metrics consolidated a public-value orientation that continued to shape subsequent research, policy, and funding debates across contexts.