The Tragedy of the Budgetary Commons
By Earl R. Brubaker
This article appeared in the Winter 1996/97 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.
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|
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