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Machiavelli’s Possibility Hypothesis

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Abstract

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.

Suggested Citation

  • Manfred J. Holler & Alain Marciano, 2010. "Machiavelli’s Possibility Hypothesis," Czech Economic Review, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, vol. 4(1), pages 018-031, March.
  • Handle: RePEc:fau:aucocz:au2010_018
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    File URL: http://auco.cuni.cz/mag/article/download/id/78/type/attachment
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    References listed on IDEAS

    as
    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.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Dictator; aggregation of preferences; republic; democracy;

    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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