The subject is about the considerable gains possible through modern management approaches to public finance. Whilst the value-for-money consideration lies at the base of any such approach, the derived fiscal and macro-economic effects can be hugely significant. Yet all too often an appreciation of these potential benefits seems absent from the thinking of Finance Ministers and senior finance of...

in this study, government budgets in the last 150 years have been examined based on leviathan state and the selection process theories. using this descriptive-historical method we evaluate the impact of financial behavior of government on development. in the first section of this paper, the concept of government nature has been defined and its influence on public finance is fully explained. mor...

Recent financial woes in America have prompted a closer look at the relationship between the health of an economy and the decisions of its households. The Great Recession, in particular, was driven partly by mounting household debt and plummeting household spending. Now, while the rebounding savings rate has reversed a longstanding trend, it has weakened the economic recovery. In “Consumption a...