Timocracy

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Timocracy

 

as defined by classical authors, a form of government in which power rests in the hands of a privileged few who possess great property qualifications. Timocracy, therefore, is a variant of oligarchy. The term “timocracy” appears in Plato’s Republic (VIII, 545) and Aristotle’s Ethics (VIII and XII). Xenophon identifies timocracy with plutocracy. Examples of timocratic governments were the state systems established in Athens in the sixth century B.C., after the reforms of Solon, and in Rome after the reforms attributed to Servius Tullius.