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.
The Tragedy of the Budgetary Commons
By Earl R. Brubaker
This
article
appeared in
the Winter 1996/97 issue of The Independent Review.
Bureaucracy and GovernmentEconomyFederal Budget PolicyFiscal Policy/DebtFree Market EconomicsGovernment and PoliticsLaw and LibertyPolitical TheoryPublic ChoiceTaxesTaxes and Budget
Other Independent Review articles by Earl R. Brubaker | |
Fall 1998 | How Big a Budget Do the People Prefer? |