The Tragedy of the Budgetary Commons
By Earl R. Brubaker
This article appeared in the Winter 1997 issue of The Independent Review
Current institutions for public budgetary decision-making create incentives and opportunities that give rise to a pervasive tragedy of the commons. More direct participation by the general public in fiscal decision-making can contribute significantly to mitigating this tragedy.
|Other Independent Review articles by Earl R. Brubaker|
|Fall 1998||How Big a Budget Do the People Prefer?|