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

Author:

Hermalin Benjamin E.1

Affiliation:

1. Department of Economics, University of California and ECGI (email: )

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. (JEL D72, D83, M54)

Publisher

American Economic Association

Subject

General Economics, Econometrics and Finance

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