SOCIAL CONTRACT, PUBLIC CHOICE AND FISCAL REPERCUSSIONS IN THE ATHENIAN DEMOCRACY

  • Nicholas KYRIAZIS
  • Emmanouil Marios L. ECONOMOU

Abstract

In the present essay, by utilizing game theory we present a model of choice by actors to explain how change comes about. Then by using ancient and modern sources of literature, we analyze the theory of the social contract as a historical phenomenon that first appeared during the classical period of Athens (510-323 BC.). Then we utilize our findings to explain how public choice was practiced under a direct democracy regime in ancient Athens, by focusing on two historical cases: Eubulus and Lycurgus fiscal policy programs in the second half of the 4th century. We found that these policies can be explained as an implementation of a social contract, through which the Athenian citizens were taking decisions based on rational choice according to a wider economic prospective.
Published
2016-10-20
How to Cite
KYRIAZIS, Nicholas ; ECONOMOU, Emmanouil Marios L. . SOCIAL CONTRACT, PUBLIC CHOICE AND FISCAL REPERCUSSIONS IN THE ATHENIAN DEMOCRACY. Theoretical and Practical Research in the Economic Fields, [S.l.], v. 4, n. 1, p. 61-76, oct. 2016. ISSN 2068-7710. Available at: <https://journals.aserspublishing.eu/tpref/article/view/290>. Date accessed: 16 aug. 2022.
Section
Theoretical and Practical Research in the Economic Fields