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?

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