Machiavelli’s Possibility Hypothesis

Manfred J. Holler () and Alain Marciano
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Manfred J. Holler: Universitat Hamburg, Institute of SocioEconomics, IAW, Hamburg, Germany, http://www.uni-hamburg.de/fachbereiche-einrichtungen/fb03/ise/

Czech Economic Review, 2010, vol. 4, issue 1, 018-031

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.

Keywords: Dictator; aggregation of preferences; republic; democracy (search for similar items in EconPapers)
JEL-codes: B00 B3 B4 (search for similar items in EconPapers)
Date: 2010
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