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The Lack of a Budgetary Theory

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  • Key, V. O.

Abstract

On the most significant aspect of public budgeting, i.e., the allocation of expenditures among different purposes so as to achieve the greatest return, American budgetary literature is singularly arid. Toilers in the budgetary field have busied themselves primarily with the organization and procedure for budget preparation, the forms for the submission of requests for funds, the form of the budget document itself, and like questions. That these things have deserved the consideration given them cannot be denied when the unbelievable resistance to the adoption of the most rudimentary essentials of budgeting is recalled and their unsatisfactory condition in many jurisdictions even now is observed. Nevertheless, the absorption of energies in the establishment of the mechanical foundations for budgeting has diverted attention from the basic budgeting problem (on the expenditure side), namely: On what basis shall it be decided to allocate x dollars to activity A instead of activity B?Writers on budgeting say little or nothing about the purely economic aspects of public expenditure. “Economics,” says Professor Robbins, “is the science which studies human behavior as a relationship between ends and scarce means which have alternative uses.” Whether budgetary behavior is economic or political is open to fruitless debate; nevertheless, the point of view and the mode of thought of the economic theorist are relevant, both in the study of and action concerning public expenditure.

Suggested Citation

  • Key, V. O., 1940. "The Lack of a Budgetary Theory," American Political Science Review, Cambridge University Press, vol. 34(6), pages 1137-1144, December.
  • Handle: RePEc:cup:apsrev:v:34:y:1940:i:06:p:1137-1144_05
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    Cited by:

    1. Abdel-Hakim O. Akhoershaideh & Wa’ed Alshoubaki, 2019. "Public Budgeting in Jordan: Governance Structure and Budget Preparation Process," Journal of Social Sciences (COES&RJ-JSS), , vol. 8(2), pages 270-278, April.
    2. Staci A. Kenno & Michelle C. Lau & Barbara J. Sainty, 2018. "In Search of a Theory of Budgeting: A Literature Review," Accounting Perspectives, John Wiley & Sons, vol. 17(4), pages 507-553, December.
    3. Trang Hoang & Craig S. Maher, 2022. "Fiscal condition, institutional constraints, and public pension contribution: are pension contribution shortfalls fiscal illusion?," Public Budgeting & Finance, Wiley Blackwell, vol. 42(4), pages 93-124, December.
    4. Paula S. Kearns, 1994. "State budget periodicity: An analysis of the determinants and the effect on state spending," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 13(2), pages 331-362.
    5. repec:jso:coejss:v:8:y:2019:i:2:p:270.278 is not listed on IDEAS
    6. Imane Hijal-Moghrabi, 2019. "Why Is it So Hard to Rationalize the Budgetary Process? A Behavioral Analysis of Performance-Based Budgeting," Public Organization Review, Springer, vol. 19(3), pages 387-406, September.
    7. Haapalinna, Ilkka, 2003. "How to allocate funds within the army," European Journal of Operational Research, Elsevier, vol. 144(1), pages 224-233, January.
    8. Christopher L. Atkinson, 2020. "The Federal Aviation Administration Airport Improvement Program: Who Benefits?," Public Organization Review, Springer, vol. 20(4), pages 789-805, December.

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