timocracy
/tɪˈmɒkrəsi
/noun (plural timocracies) chiefly Philosophy
1A form of government in which possession of property is required in order to hold office.These days we have moved on from a timocracy, but you'll still find plenty examples of the John Jay mentality here....
- This happens because of the treasuries of gold that the individuals in the timocracy have.
- It has similar features to timocracy, but it is different to it in many ways.
2A form of government in which rulers are motivated by ambition or love of honour.
Derivatives
timocratic
- As for the oligarchic man, he would probably follow on from the timocratic man in the following manner: growing up, he will see his father work hard for all that he has.
- They conclude that the happiest man is the kingly man, the next the timocratic, followed by the oligarchic, the democratic, and the tyrannical.
- I think the timocratic structure of divinity in early Greek myth might be quite a good thing to apply to the tale of Eris, the apple and the Trojan War.
Origin
Late 15th century: from Old French timocracie, via medieval Latin from Greek timokratia, from timē 'honour, worth' + -kratia 'power'. sense 1 reflects Aristotle's usage, sense 2 Plato's.