Government Budgeting and Financial Management in Practice

In a new look at public financial management that highlights the importance of budgeting, this book covers transaction cost economics as a new dimension of public budgeting and financial management orthodoxy. The author reviews new research on the continuing validity of prevailing theory and the ever present political dimension of government finance decisions. He discusses major advances in interpretive approaches to budgeting and finance and how they dominate writing in the broader field of public administration. The book also examines the effects of the explosion of information systems and new technologies.