Howard A. Frank, "Public Financial Management" ISBN: 0-8493-9566-6 | 805 pages | PDF | 8.4 Mb
Howard Frank, in Public Financial Management, brings to the academic and practice communities a collection of chapters written by both some of the most senior scholars in public financial management but also some of the more accomplished newcomers to the field. This text not only explores broad trends about the context of public financial management but it probes the more technical aspects of the sub-discipline like debt management, financial condition analysis, assessment of public pensions, and the use of performance management. There are two underlying themes in this volume. The first is that ‘‘Results Oriented Management’’ has become the most widely used paradigm in public administration and public management. In addition to Section V, which includes six separate chapters on performance budgeting, measurement, and management, many of the other articles in the volume also reinforce the need for public organizations to include a ‘‘Results Oriented’’ philosophy in their planning, decision making, and management. Although ‘‘Results Oriented Management’’ has been around for decades, the paradigm really became the dominant one with the publication of David Osborne and Ted Gaebler’s book, Reinventing Government in 1992. Almost all of the authors recognize this paradigm shift and include the core values of this orientation in their articles. This integration of core values into public financial management has made the field more coherent and oriented toward ‘‘best practice.’’