New Textbook: The Public Budgeting and Finance Primer

New from M.E. Sharpe…

The Public Budgeting and Finance Primer

Key Concepts in Fiscal Choice

Jay Eungha Ryu, Ohio University

This primer succinctly summarizes key theoretical concepts in fiscal choice for both practitioners and scholars. The author contends that fiscal choice is ultimately a choice of both politics and economics. The book first introduces budget institutions and processes at various levels of government, which restrict budget decision makers’ discretion. It also explains budget decision makers’ efforts to make rational resource allocations. It then shows how and why such efforts are stymied by the decision makers’ capacity and institutional settings. The book’s unique benefit is its emphasis on all the essential topics, with short, module-type chapters which can be read in any order.

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“This textbook is a very strong contribution in the area of public budgeting. The writing is compelling and engaging and will be a pleasure for students to read, especially compared to the slog that is some textbooks. …The book is at its best when it details case studies or examples of various public budgeting concepts.”

— Ken Kriz, Wichita State University

Selected Contents:

Preface

PART I. BUDGET PROCESS AND INSTITUTIONS

1. Executive Budgeting System

2. Legislative Budgeting System

3. Line-Item Veto

4. Balanced Budget Requirements

5. Tax and Expenditure Limits

6. Rights-Based Budgeting

7. Divided vs. Unified Governments and Fiscal Choice

PART II. RATIONAL APPROACHES TO RESOURCE ALLOCATION

8. Zero-Based Budgeting

9. Performance-Based Budgeting

10. Performance-Based Budgeting: Challenges

11. Cost-Benefit Analysis: Measurements and Time Values

12. Activity-Based Costing

PART III. INFORMATION CAPACITY AND BUDGET CHOICE

13. Bounded Rationality and Budgetary Incrementalism

14. Stable Interactions Among Budget Actors

15. Disproportionate Information Processing

16. Budget-Maximizing Bureaucrats

PART IV. PUBLIC CHOICE AND TAXATION

17. Public Goods and Public Choice

18. Taxation: Revenue Collection and Efficiency

19. Taxation: Equity and Politics of Taxation

20. Measures of Fiscal Capacity and Stress

PART V. INTERGOVERNMENTAL FISCAL RELATIONS

21. Intergovernmental Grants: Rationales and Types

22. Intergovernmental Grants: Fiscal Impacts

PART VI. MACRO-BUDGETING

23. Macroeconomic Theories: Classical, Keynesian, and New Approaches

24. Macroeconomic Policies: Fiscal Policy, Monetary Policy, and New Policy Suggestions

25. Congressional Macro-Budgeting

26. Mechanics of Debt Management

PART VII. NEW APPROACHES TO BUDGET AND FINANCE

27. Emerging Topics

References

Index

About the Author

Hardcover ISBN: 978-0-7656-3796-3 / Price: $99.95

Paperback ISBN: 978-0-7656-3797-0 / Price: $49.95

Pages: 320 / Pub. Date: November 2013

Includes: Tables, figures, bibliographic references, index

For more information, contact:

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