Marciano, Alain; Holler, Manfred J. - In: Czech Economic Review 4 (2010) 1, pp. 018-031
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...