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Machiavelli’s Possibility Hypothesis

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This 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 Info

Article 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)
Pages: 018-031

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Handle: RePEc:fau:aucocz:au2010_018

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Keywords: Dictator; aggregation of preferences; republic; democracy;

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  1. Claude Hillinger, 2005. "The Case for Utilitarian Voting," Homo Oeconomicus, Institute of SocioEconomics, vol. 23, pages 295-321.
  2. 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.
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