BUDGET THEORY IN THE PUBLIC SECTOR PDF
Preview BUDGET THEORY IN THE PUBLIC SECTOR
BUDGET THEORY IN THE PUBLIC SECTOR Aman Khan W. Bartley Hildreth Editors QUORUM BOOKS Budget Theory in the Public Sector BUDGET THEORY IN THE PUBLIC SECTOR Edited by Aman Khan and W. Bartley Hildreth QUORUMBOOKS Westport,Connecticut • London LibraryofCongressCataloging-in-PublicationData Budgettheoryinthepublicsector / editedbyAmanKhan,andW.BartleyHildreth. p. cm. Includesbibliographicalreferencesandindex. ISBN1–56720–281–0(alk.paper) 1. Budget. 2. Finance,Public. I. Khan,Aman. II. Hildreth,W.Bartley,1949– HJ2005.B7978 2002 352.4'8—dc21 2002023030 BritishLibraryCataloguinginPublicationDataisavailable. Copyright(cid:1)2002byAmanKhanandW.BartleyHildreth Allrightsreserved.Noportionofthisbookmaybe reproduced,byanyprocessortechnique,withoutthe expresswrittenconsentofthepublisher. LibraryofCongressCatalogCardNumber:2002023030 ISBN: 1–56720–281–0 Firstpublishedin2002 QuorumBooks,88PostRoadWest,Westport,CT06881 AnimprintofGreenwoodPublishingGroup,Inc. www.quorumbooks.com PrintedintheUnitedStatesofAmerica TM Thepaperusedinthisbookcomplieswiththe PermanentPaperStandardissuedbytheNational InformationStandardsOrganization(Z39.48–1984). 10 9 8 7 6 5 4 3 2 1 Dedicated to Marcia Lynn Whicker Contents Preface ix Acknowledgments xv 1 Budget Theory for a New Century 1 Lance T. LeLoup 2 Early Budget Theory: The Progressive Theory of Public Expenditures 22 Julia Beckett 3 The Separation of Powers Principle and Budget Decision Making 42 Thomas P. Lauth 4 Nonconventional Budgets: Interpreting Budgets and Budgeting Interpretations 77 Gerald J. Miller 5 A Multiple Rationality Model of Budgeting: Budget Office Orientations and Analysts’ Roles 104 Katherine G. Willoughby 6 The Principal-Agent Model and Budget Theory 123 John Forrester 7 Responsibility Budgeting and Accounting Reform 139 L.R. Jones and Fred Thompson viii Contents 8 Budget Theory for Public Administration...and Public Administrators 158 Gerasimos A. Gianakis and Clifford P. McCue 9 The Theory of the Public Sector Budget: An Economic Perspective 172 Merl Hackbart and James R. Ramsey 10 Budgets as Portfolios 188 Aman Khan 11 Punctuated Equilibrium: An Agenda-Based Theory of Budgeting 202 Meagan M. Jordan 12 The Impact of Agency Mission on Agency Budget Strategy: A Deductive Theory 216 Marcia Lynn Whicker and Changhwan Mo 13 Budgeting for Outcomes 246 Lawrence L. Martin 14 Philosophy, Public Budgeting, and the Information Age 261 Thomas D. Lynch and Cynthia E. Lynch Selected Bibliography 281 Index 287 About the Contributors 293 Preface Public budgeting, as a field of study, has grown tremendously in recent years both in form and substance. With such growth comesaneedtohaveacoherent theory or body of theories that allows one to understand the field, its essential core that guides its development, and its scope for dealing with real world problems. V.O. Key recognized this need in 1940 when he wrote his now fa- mous piece, “The Lack of a Budgetary Theory.” Key tried to address the issue ofpublicbudgetingnothavingatheoryofitsownbyofferingamicroeconomic solution to the problem, one that would increase allocative efficiency of gov- ernment. He based his theory on the same rationale that guided the economists to search endlessly for a function that would improve the welfare of society within the broader schemes of Paretian principle. In a similar vein, Verne Lewis (1952) tried to explain how the traditional microeconomic theory, in particular the concept of marginal utility, could be used to determine the relative value of a good or service to justify resource allocationthatintheaggregatewouldimprovesocialwelfare.Attemptsbyother economists,suchasArthurSmithies(1955),werenotmuchdifferentfromthose offered by the mainstream welfare economists. But, as Wildavsky (1961) re- mindsus,budgetingismorethanallocatingthescarceresourcesbetweenXand Y activities; it is about meeting the conflicting needs of a society by bringing about compromises in the political marketplace through incremental adjust- ment(s) in budget allocation. Not only that, as Mosher (1954) would point out, it is a measure of bureaucratic behavior and administrative competence.Others would argue that it is not necessary to have a single theory of budgeting but
Description:The list of books you might like
