Budgetary Decisions A Public Choice Approach [Hardcover]

This book provides an introduction to the positive theory of the budgetary process based on the theory of public choice.Although budgetary institutions are very diverse, both between and within countries, this text identifies key elements in the budgetary process common to all forms of representative government. It develops a step-by-step model that can be used to explain, predict and analyze budgetary decisions.Although budgetary institutions are very diverse, both between and within countries, this text identifies key elements in the budgetary process common to all forms of representative government. It develops a step-by-step model that can be used to explain, predict and analyze budgetary decisions.This book provides an introduction to the positive theory of the budgetary process based on the theory of public choice. Although budgetary institutions are very diverse, both between and within countries, the author identifies key elements in the budgetary process that are common to all forms of representative government. The book develops a step-by-step model that can be used to explain and predict budgetary decisions in existing institutions, as well as to analyze institutional change, including cost budgeting and various forms of privatization.1. Introduction; 2. The structure of the budgetary process; 3. Demand in the public sector; 4. Supply in the public sector; 5. Political decision-making; 6. Bureaucratic decision-making; 7. Institutions; 8. Ways to reform. This volume offers an introduction to the positive theory of the budgetary process in representative government. Furthermore, it identifies a number of deficiencies that are characteristic of institutions in the public sector throughout the western world. The author, who not only has a thorough knowledge of the theory of public choice but is also experienced in practical budgetary policy analysis, discusses various kinds of institutional reform that can improve results by the introduction of market-like ls9