Machiavelli’s Possibility Hypothesis
|Title:||Machiavelli’s Possibility Hypothesis|
Holler, Manfred J.
|Journal or Publication Title:|
AUCO Czech Economic Review, 4, 1, pp. 18-32
|Uncontrolled Keywords:||Dictator, aggregation of preferences, republic, democracy|
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.