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Machiavelli’s Possibility Hypothesis

Keywords: Dictator , aggregation of preferences , republic , democracy

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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.

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