Asymmetric Information, Social Choices, and Democracy

Economou, Emmanouil M. L.; Kyriazis, Nicholas

doi:10.1007/978-3-030-97295-0_8

Cited by 3 publications

(1 citation statement)

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“…Some of the specific mechanisms of demokratia have been modelled and closely examined, such as the random selection of magistrates, ostracism, large judicial juries, or the voluntary contribution of the rich to the city's military or religious expenses, for example. The citizens' active engagement at every level of the polis, in spite of the fact they were not necessarily experts, has been shown to optimally reduce information asymmetry (Economou and Kyriazis, 2022). While some positions were elected, many were selected by lot, and the optimality of this procedure has been shown to both ensure representativity and reduce the risk of corruption, but also reduced the effort necessary to choose (Tridimas, 2011(Tridimas, , 2012(Tridimas, , 2022.…”

Section: The Invention Of Demokratiamentioning

confidence: 99%

A Brief Overview of the Political Economy of Ancient Greek Polis and Demokratia

Gauthier¹

2023

Invest. Hist. Econ.

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We briefly review the history of archaic and classical Greece, focusing on the development of the polis and of ancient Greek demokratia. The emergence of the polis as a political institution took place in a particular context, with a more widespread access to resources, as earlier centralised power had vanished. A specific form of democracy then appeared in Athens, demokratia, within the context of the polis. We examine the political economy research that has provided a formal background for these historical innovations.

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