Magocracy is the term used to describe the government of The city of Altasia.
Magocracy literally means "Rule of the Magi". "Mago-" is derived from the old Persian word, "magus" meaning "priest" or "mage", while the suffix "-cracy" comes from the Greek "kratein", "to rule". The word is therefore a blend of Greek and Persian, as is the word "archmage".
Since a magocracy only means that the government is made up of magic-users, it can incorporate elements from other political styles. Altasias's magocracy is a technocracy/meritocracy with democratic elements, in much the same way most city-states in ancient Greece were run. Though the foremost leaders of the councils tend to be the nation's most skilled mages, they are elected democratically by all eligible.