EconPapers    
Economics at your fingertips  
 

A Political Theory of Populism

Konstantin Sonin (), Georgy Egorov and Daron Acemoglu
Additional contact information
Georgy Egorov: Kellogg School of Management

No 1246, 2010 Meeting Papers from Society for Economic Dynamics

Abstract: Populism is described as an ideology which contrasts the interests of the people and the elite, and calls for defense of the interests of the former. In reality, populist politicians are often seen conducting macroeconomic policies that can be hardly justified by the benefits they provide to the very poorest; in many instances, these policies were far to the left of the majority's preference. In this paper, we explain why even a moderate politician seeking reelection may choose leftist policies. The leftist bias is higher when the polarization is high, or when the political class is predominantly occupied by the rich elite. We extend the model to study the environment where some politicians are corrupt and some are not and reach similar conclusions.

Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://economicdynamics.org/meetpapers/2010/paper_1246.pdf (application/pdf)

Related works:
Journal Article: A Political Theory of Populism (2013) Downloads
Working Paper: A Political Theory of Populism (2013) Downloads
Working Paper: A Political Theory of Populism (2011) Downloads
Working Paper: A Political Theory of Populism (2011) Downloads
Working Paper: A Political Theory of Populism (2011) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:red:sed010:1246

Access Statistics for this paper

More papers in 2010 Meeting Papers from Society for Economic Dynamics Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA. Contact information at EDIRC.
Bibliographic data for series maintained by Christian Zimmermann ().

 
Page updated 2019-09-26
Handle: RePEc:red:sed010:1246