Although the application of the conceptual and analytical framework of economics to the study of populism is still in …. When analyzing populism, economists face two methodological hurdles: lack of consensus and clarity about its definition and … analysis of populism draws concepts from other social sciences such political theory, sociology, history and social psychology. …

This paper argues that populism in the era of Donald Trump and Brexit is a reaction to high transaction costs between … political elites that run through populist rhetoric and action. The treatment for problem of populism should focus on reducing … costs in matching, writing and enforcing contracts. The paper provides an outline of how a ‘crypto-democracy' would function …