We present a simple model of populism as the rejection of “disloyal” leaders. We show that adding the assumption that … people are worse off when they experience low income as a result of leader betrayal (than when it is the result of bad luck … general, but they reduce the feelings of betrayal during bad times. Some evidence consistent with our model is gathered from …

This paper investigates whether elite interconnections contribute to unethical behavior. It aims to present a clear … impact on the economy and societal welfare. This paper centers on a specific aspect of elite interconnection - the revolving … door. It shows that the entire power elite is responsible for orchestrating this procedure and, consequently, for engaging …