Patrick Bolton, Markus K. Brunnermeier and Laura Veldkamp
Working Paper, November 5, 2008
What is leadership to an economist? This article provides an overview of formal models of leadership in economics. After briefly reviewing the role of formal control rights and the delegation of authority, the article puts in perspective economic models that capture several key functional aspects of leadership. The article also outlines a conceptual framework that includes five key elements of leadership: vision, communication, execution, integrity, and empowering others.
View the paper here: Economists’ Perspectives on Leadership