%0 Journal Article
%T Machiavelli¡¯s Possibility Hypothesis
%A Manfred J. Holler
%A Alain Marciano
%J AUCO Czech Economic Review
%D 2010
%I Charles University in Prague
%X 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.
%K Dictator
%K aggregation of preferences
%K republic
%K democracy
%U http://auco.cuni.cz/mag/article/download/id/78/type/attachment