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.Dictator, aggregation of preferences, republic, democracy

Alain Marciano

Manfred J. Holler

English

Research Papers in Economics

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Machiavelli’s Possibility Hypothesis

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Machiavelli’s Possibility Hypothesis

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Research Papers in Economics