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Social Contract, public choice and fiscal repercussions in Athenian Democracy

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  • Kyriazis, Nicholas
  • Economou, Emmanouel/Marios/Lazaros
  • Zachilas, Loukas

Abstract

In the present essay, by utilizing game theory we present a model of choice by actors to explain how change comes about. Then by using ancient and modern sources of literature, we analyse the theory of the social contract as a historical phenomenon that first appeared during the classical period of Athens (510-323 BC.). Then we utilize our findings to explain how public choice was practiced under a direct democracy regime in ancient Athens, by focusing on two historical cases: Eubulus and Lycurgus fiscal policy programs in the second half of the 4th century. We found that these policies can be explained as an implementation of a social contract, through which the Athenian citizens were taking decisions based on rational choice according to a wider economic prospective.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 43498.

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Date of creation: 12 Sep 2012
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Handle: RePEc:pra:mprapa:43498

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Keywords: model of choice; social contract; 4th century BC Athens;

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References

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  1. Nicholas Kyriazis & Michel Zouboulakis, 2004. "Democracy, Sea Power and Institutional Change: An Economic Analysis of the Athenian Naval Law," European Journal of Law and Economics, Springer, vol. 17(1), pages 117-132, January.
  2. Nicholas Kyriazis, 2007. "Democracy and institutional change," European Research Studies Journal, European Research Studies Journal, vol. 0(1-2), pages 65-82.
  3. George Halkos & Nickolas Kyriazis, 2005. "A Naval Revolution and Institutional Change: The Case of the United Provinces," European Journal of Law and Economics, Springer, vol. 19(1), pages 41-68, January.
  4. Nicholas Kyriazis, 2009. "Financing the Athenian state: public choice in the age of Demosthenes," European Journal of Law and Economics, Springer, vol. 27(2), pages 109-127, April.
  5. North, Douglass C, 1978. "Structure and Performance: The Task of Economic History," Journal of Economic Literature, American Economic Association, vol. 16(3), pages 963-78, September.
  6. George Halkos & Nickolas Kyriazis, 2010. "The Athenian economy in the age of Demosthenes: path dependence and change," European Journal of Law and Economics, Springer, vol. 29(3), pages 255-277, June.
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Cited by:
  1. Kyriazis, Nicholas & Paparrigopoulos, Xenophon & Economou, Emmanouel/Marios/Lazaros, 2013. "The Glue of Democracy: Economics, Warfare and Values in Classical Greece," MPRA Paper 45117, University Library of Munich, Germany.
  2. Kyriazis, Nicholas & Metaxas, Theodore, 2013. "The emergence of democracy: a behavioural perspective," MPRA Paper 47146, University Library of Munich, Germany.

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