chapter  4
A Conceptual History of the Budget
ByProcess
Pages 24

This chapter explores both perspectives, but, before undertaking that analysis, a review of the historic evolution of budgeting is in order. After placing the budgeting process in historical context, the next section explores various macro-viewpoints. [Much of this section is drawn from the work of long-time budget scholar John Wanat (1978) and utilizes his sevenfold classification to define the macroviewpoint]. The final section will explore the challenges of the micro-viewpoint from the much more “bureaucratic” or managerial perspective of implementing the budget rather than shaping it.