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At the Helm, Kirk or Spock? The Pros and Cons of Charismatic Leadership

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  • Benjamin E. Hermalin

Abstract

Charismatic leaders are often desired. At the same time, experience, especially with demagogues, as well as social science studies, raise doubts about such leaders. This paper offers explanations for charismatic leadership's "mixed report card." It offers insights into why and when charismatic leadership can be effective; which, when, and why certain groups will prefer more to less charismatic leaders; and how being more charismatic can make leaders worse in other dimensions, particularly causing them to work less hard on their followers' behalf.

Suggested Citation

  • Benjamin E. Hermalin, 2023. "At the Helm, Kirk or Spock? The Pros and Cons of Charismatic Leadership," American Economic Journal: Microeconomics, American Economic Association, vol. 15(2), pages 465-492, May.
    • Handle: RePEc:aea:aejmic:v:15:y:2023:i:2:p:465-92
    DOI: 10.1257/mic.20170407
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    Citations

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    Cited by:

    1. Margot Belguise, 2024. "Red herrings: A model of attention-hijacking by politicians," Discussion Papers 2024-01, Nottingham Interdisciplinary Centre for Economic and Political Research (NICEP).
    2. Belguise, Margot, 2024. "Red Herrings : A Model of Attention-Hijacking by Politicians," CRETA Online Discussion Paper Series 86, Centre for Research in Economic Theory and its Applications CRETA.
    3. Belguise, Margot, 2024. "Red Herrings: A Model of Attention-Hijacking by Politicians," The Warwick Economics Research Paper Series (TWERPS) 1492, University of Warwick, Department of Economics.

    More about this item

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • M54 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Management

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