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.
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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? |
