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Public financial management does not exist in a vacuum, but in the caprises of behavioural economics where public policy makers are saddled with contradicting visions and viewpoints in regards to the conflicts of numerous interests in policy formulation and implementation process. The nudging tools to making any fiscal policy see the light of the day is what this text exposes, in regards to the prevalence of political Isles in any political system. As money is important for the existence of humankind, the quest for it begins in the human brain - for private consumption or for public expenditures, therefore the politics of money is inevitable in any polity.
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Public financial management does not exist in a vacuum, but in the caprises of behavioural economics where public policy makers are saddled with contradicting visions and viewpoints in regards to the conflicts of numerous interests in policy formulation and implementation process. The nudging tools to making any fiscal policy see the light of the day is what this text exposes, in regards to the prevalence of political Isles in any political system. As money is important for the existence of humankind, the quest for it begins in the human brain - for private consumption or for public expenditures, therefore the politics of money is inevitable in any polity.