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Social Contract, Public Choice And Fiscal Repercussions In The Athenian Democracy

Author

Listed:
  • Nicholas KYRIAZIS

    (University of Thessaly, Department of Economic Studies, Greece)

  • Emmanouil ECONOMOU

    (University of Thessaly, Department of Economic Studies, Greece)

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 analyze 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.

Suggested Citation

  • 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.
    • Handle: RePEc:srs:jtpref:v:4:y:2013:i:1:p:61-76
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    Cited by:

    1. Kyriazis, Nicholas & Metaxas, Theodore, 2013. "The emergence of democracy: a behavioural perspective," MPRA Paper 47146, University Library of Munich, Germany.
    2. 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.
    3. Economou, Emmanouel/Marios/Lazaros & Kyriazis, Nicholas & Zachilas, Loukas, 2016. "Interpreting sociopolitical change by using Chaos Theory: A lesson from Sparta and Athens," MPRA Paper 76117, University Library of Munich, Germany.
    4. Federica Carugati & Josiah Ober & Barry R. Weingast, 2019. "Is development uniquely modern? Ancient Athens on the doorstep," Public Choice, Springer, vol. 181(1), pages 29-47, October.
    5. Economou Emmanouil M.L. & Kyriazis Nicholas C., 2016. "Choosing Peace Instead of War. A Lesson from Athenian Democracy," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 22(2), pages 191-212, April.
    6. Economou, Emmanouel/Marios/Lazaros & Kyriazis, Nicholas & Metaxas, Theodore, 2014. "Warfare at sea and profit: Corsairs, institutions and partnership companies," MPRA Paper 58985, University Library of Munich, Germany.
    7. Economou, Emmanouel/Marios/Lazaros & Kyriazis, Nicholas, 2015. "Athenian fiscal expansionary policy and peace versus war strategy," MPRA Paper 62987, University Library of Munich, Germany.

    More about this item

    JEL classification:

    • H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • H44 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Goods: Mixed Markets
    • N43 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: Pre-1913

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