The aim of the article is to clarify the ontological foundations of the political representation within Franklin Ankersmit’s theory in the context of the modern discussion about the crisis of the liberal-democratic project and the political per se. Taking an almost unique position in this discussion, Ankersmit insists on the presence of the political in the contemporary institutions of democratic representation, resorting to the tools of the theory of aesthetics to justify his viewpoint. The authors recognize Ankersmit’s approach as a promising direction of the reflection on possible ways out of the political crisis, but at the same time they draw attention to its inherent flaws arising from the insufficient conceptual elaboration of its political and ontological foundations. Ankersmit does not clarify how representational relationships arise and what mechanisms are responsible for maintaining the connection between the representative and the represented. Based on the aesthetic theory of Martin Heidegger, as well as the interpretations of the social contract by Carl Schmitt, Paul Ricœur and Alexan der Filippov, the authors suggest that the theory of social contract can be used as an ontological basis for Ankersmit’s concept, and show how the aesthetic approach to the political can be harmonized with this theory and why Ankersmit’s criticism of this theory is substantively inaccurate. The authors’ arguments demonstrate that the theory of social contract can be articulated in the categories of an aesthetic approach to the political and become its ontological foundation, thereby resolving certain concerns about the origin and functioning of the relations of representation in the society
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