Athenian fiscal expansionary policy and peace versus war strategy

Emmanouil-Marios-Lazaros Economou () and Nicholas Kyriazis

MPRA Paper from University Library of Munich, Germany

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.

Keywords: model of choice; game theory; fiscal expansionary programs; Late 4th century BCE Athens (search for similar items in EconPapers)
JEL-codes: H30 H53 H56 N4 N43 Z13 Z18 (search for similar items in EconPapers)
Date: 2015-03-03
New Economics Papers: this item is included in nep-his
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