Reforming Budgetary Language
In the context of several examples of problems associated with present budgetary conventions, I revisit Musgrave's conceptual division of the government's program into Allocation, Distribution and Stabilization Branch subbudgets. I suggest progress towards Musgrave's ideal of a more informative budgetary "language," one less dependent on arbitrary institutional labeling, must be based on the nonarbitrary description of the individual's economic environment, as it is affected by government. As a first approximation, that environment can be summed up in terms of the individual's budget constraint and levels of public goods provided. Simple models suggest that an unambiguous budgetary language may be feasible but there remains much to clarify about both the objectives of the exercise and the specifics of methods to deal with particular problems.
Year of publication: |
2001-08
|
---|---|
Authors: | Bradford, David F. |
Institutions: | Griswold Center for Economic Policy Studies, Department of Economics |
Saved in:
freely available
Saved in favorites
Similar items by person
-
CARBON DIOXIDE SEQUESTRATION: WHEN AND HOWMUCH?
Keller, Klaus, (2003)
-
Generalized Cash Flow Taxation
Auerbach, Alan J., (2001)
-
Improving on Kyoto: Greenhouse Gas Control as the Purchase of a Global Public Good
Bradford, David F., (2004)
- More ...