IDEAS home Printed from https://ideas.repec.org/a/aea/apandp/v108y2018p196-99.html
   My bibliography  Save this article

Is Populism Necessarily Bad Economics?

Author

Listed:
  • Dani Rodrik

Abstract

I distinguish between political and economic populism. Both are averse to agencies of restraint, or, equivalently, delegation to technocrats or external rules. In the economic domain, delegation to independent agencies (domestic or foreign) occurs in two different contexts: (i) in order to prevent the majority from harming itself in the future and (ii) in order to cement a redistribution arising from a temporary political advantage for the longer-term. Economic policy restraints that arise in the first case are desirable; those that arise in the second case are much less so.

Suggested Citation

  • Dani Rodrik, 2018. "Is Populism Necessarily Bad Economics?," AEA Papers and Proceedings, American Economic Association, vol. 108, pages 196-199, May.
    • Handle: RePEc:aea:apandp:v:108:y:2018:p:196-99
    Note: DOI: 10.1257/pandp.20181122
    as

    Download full text from publisher

    File URL: https://www.aeaweb.org/doi/10.1257/pandp.20181122
    Download Restriction: no
    File URL: https://www.aeaweb.org/articles/attachments?retrieve=ZGPhAFVjwZcQdTnHsqdNCIpepYX_CeuX
    Download Restriction: Access to full text is restricted to AEA members and institutional subscribers.
    ---><---

    More about this item

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aea:apandp:v:108:y:2018:p:196-99. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Michael P. Albert (email available below). General contact details of provider: https://edirc.repec.org/data/aeaaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.