Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/203834
Authors: 
Ocampo, Emilio
Year of Publication: 
2019
Series/Report no.: 
Serie Documentos de Trabajo 694
Abstract: 
Although the application of the conceptual and analytical framework of economics to the study of populism is still in its infancy, great advances have been made in recent years. This paper reviews some key contributions behind this progress. When analyzing populism, economists face two methodological hurdles: lack of consensus and clarity about its definition and reconciling the populist vote with voter rationality. The former has plagued sociologists and political scientists for decades. As to the latter, it raises a conundrum: if populist policies are detrimental to economic growth, as most economists agree, the vote for a populist candidate suggests some irrationality or inefficiency in the political markets. The works reviewed in this paper propose alternative approaches to address both issues. The most promising line of research in the economic analysis of populism draws concepts from other social sciences such political theory, sociology, history and social psychology.
Subjects: 
Populism
political economy
voter behavior
rationality
democracy
JEL: 
B2
D72
D78
D83
H0
P47
P48
Document Type: 
Working Paper

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