Machiavelli’s Possibility Hypothesis
AbstractThis paper discusses the thesis that in Arrow’s Possibility Theorem the dictator (merely) serves as a solution to the logical problem of aggregating preference while Machiavelli’s dictator, the Prince, has the historical function to bring order into a world of chaos and thus make society ready for the implementation of a republican structure.
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Bibliographic InfoArticle provided by Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies in its journal AUCO Czech Economic Review.
Volume (Year): 4 (2010)
Issue (Month): 1 (March)
Find related papers by JEL classification:
- B00 - Schools of Economic Thought and Methodology - - General - - - History of Economic Thought, Methodology, and Heterodox Approaches
- B3 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals
- B4 - Schools of Economic Thought and Methodology - - Economic Methodology
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- Bitros, George C. & Karayiannis, Anastassios D., 2010. "Morality, institutions and the wealth of nations: Some lessons from ancient Greece," European Journal of Political Economy, Elsevier, vol. 26(1), pages 68-81, March.
- Hillinger, Claude, 2005.
"The Case for Utilitarian Voting,"
Discussion Papers in Economics
653, University of Munich, Department of Economics.
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