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Athenian fiscal expansionary policy and peace versus war strategy

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

Abstract

In the present essay, we develop at first a model of choice by actors to show how a society can take decisions on specific issues according to how flexible or rigid it is in new ideas and trends. Then, by utilizing game theory we explain how the Athenian society abandoned war in favour of a peace grand strategy during the second half of the 4th century BCE. To achieve this, two visionary Athenian policymakers Eubulus and Lycurgus introduced fiscal expansionary policy programs which proved beneficial for the majority of the citizens. We found that through the expansionary public works programs, the Athenian citizens were taking decisions based on rational choice according to a wider economic prospective.

Suggested Citation

  • Economou, Emmanouel/Marios/Lazaros & Kyriazis, Nicholas, 2015. "Athenian fiscal expansionary policy and peace versus war strategy," MPRA Paper 62987, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:62987
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    References listed on IDEAS

    as
    1. Emmanouil Economou & Nicholas Kyriazis & Theodore Metaxas, 2015. "The institutional and economic foundations of regional proto-federations," Economics of Governance, Springer, vol. 16(3), pages 251-271, August.
    2. Nicholas KYRIAZIS & Emmanouil ECONOMOU, 2013. "Social Contract, Public Choice And Fiscal Repercussions In The Athenian Democracy," Theoretical and Practical Research in the Economic Fields, ASERS Publishing, vol. 4(1), pages 61-76.
    3. Kyriazis, Nicholas K. & Karayiannis, Anastassios D., 2011. "Democracy, Institutional Changes and Economic Development: The Case of Ancient Athens," The Journal of Economic Asymmetries, Elsevier, vol. 8(1), pages 61-91.
    4. Nicholas Kyriazis, 2007. "Democracy and institutional change," European Research Studies Journal, European Research Studies Journal, vol. 0(1-2), pages 65-82.
    5. Kaiser, Brooks A., 2007. "The Athenian Trierarchy: Mechanism Design for the Private Provision of Public Goods," The Journal of Economic History, Cambridge University Press, vol. 67(2), pages 445-480, June.
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    8. Lyttkens Carl Hampus, 1994. "A Predatory Democracy? An Essay on Taxation in Classical Athens," Explorations in Economic History, Elsevier, vol. 31(1), pages 62-90, January.
    9. 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.
    10. Carl Hampus Lyttkens, 1997. "A Rational-Actor Perspective on the Origin of Liturgies in Ancient Greece," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 153(3), pages 462-462, September.
    11. Papazarkadas, Nikolaos, 2011. "Sacred and Public Land in Ancient Athens," OUP Catalogue, Oxford University Press, number 9780199694006.
    12. Weingast, Barry R., 1997. "The Political Foundations of Democracy and the Rule of the Law," American Political Science Review, Cambridge University Press, vol. 91(2), pages 245-263, June.
    13. Economou, Emmanouel/Marios/Lazaros & Kyriazis, Nicholas, 2013. "The emergence and the development of the federations: The Achaean federation, the United Provinces and the EU," MPRA Paper 47349, University Library of Munich, Germany.
    14. 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.
    15. 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.
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    More about this item

    Keywords

    model of choice; game theory; fiscal expansionary programs; Late 4th century BCE Athens;
    All these keywords.

    JEL classification:

    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • N4 - Economic History - - Government, War, Law, International Relations, and Regulation
    • N43 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: Pre-1913
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification
    • Z18 - Other Special Topics - - Cultural Economics - - - Public Policy

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