A skillful balance of application and theory, Politics and Power by Carol W. Lewis and W. Bartley Hildreth is a comprehensive yet highly accessible introduction to the politics of budgeting.
Unlike other texts on the subject--which typically focus only on budgeting issues at the federal level--this book emphasizes budgeting at the state and local levels to translate budgetary politics in a way that will be more relevant to the vast majority of students.
In order to help students dissect the material and integrate it in a meaningful way, Lewis and Hildreth organize each chapter around key questions about core issues in a democracy. Informed by the authors' own individual backgrounds and expertise, the text presents a thorough--and unbiased--account of the different arguments and political perspectives surrounding budgetary politics.
FEATURES
* Places a unique emphasis on the political aspects of budgeting * Provides students with the skills and tools they need to work through the political challenges and controversies of budgeting trade-offs * Offers strong pedagogy including web site resources, case studies, in-class exercises, discussion and review questions; many charts, tables, photos, and cartoons; a glossary of budgeting terms; and an appendix of key federal budgeting points * Draws on a wide range of academic disciplines including political science, public administration, public policy, economics, psychology, demography, and history * A Companion Web Site that provides links to videos, chronologies, web resources, additional technical and advanced materials, and primers on reading federal and state budgets
I would absolutely recommend this book for any undergraduate finance and budgeting course. Given that the budgeting process is inherently political, this book covers the many facets of budgeting that are left out of straight up budgeting books which only look at numbers. However, having said that, I do believe that a workbook that deals with numbers, that gives actual real world examples, would be a welcome addition to this book and and would make for a much better learning experience for students.
11/5/2015 I learn so much every single time I read this book.