Demagogues in America: From the Revolution to the Second World War

54 Pages Posted: 29 May 2019

See all articles by Dan Bernhardt

Dan Bernhardt

University of Illinois at Urbana-Champaign - Department of Economics

Stefan Krasa

University of Illinois at Urbana-Champaign - Department of Economics

Mehdi Shadmehr

University of North Carolina (UNC) at Chapel Hill - Department of Public Policy

Date Written: May 15, 2019

Abstract

We define demagogues as anti-establishment politicians who provide simplistic explanations and solutions for the people's problems. We identify two key forms of these simplistic solutions: those that ignore resource constraints and those that blame particular ethnic or cultural groups for resource shortfalls.

There are two main results:

(1) demagogues arise on the national stage in the form of presidential contenders in the aftermath of an economic crisis, or during the slow recovery that follows.

(2) Established parties often adjust their positions toward demagogues to fend them off (e.g., FDR in the mid 1930s); and when they refuse (e.g., John Quincy Adams), demagogues win and implement far worse policies that destroy physical and social capital.

We highlight how concerns for demagogues dominated the thinking of Americans in the Revolutionary Era and the Early Republic, and were a main factor behind the Constitutional Movement.

Keywords: Demagogues, Populism, Donald Trump, Huey Long, William Jennings Bryan, Andrew Jackson, Economic Recession, American Revolution

Suggested Citation

Bernhardt, Dan and Krasa, Stefan and Shadmehr, Mehdi, Demagogues in America: From the Revolution to the Second World War (May 15, 2019). Available at SSRN: https://ssrn.com/abstract=3388946 or http://dx.doi.org/10.2139/ssrn.3388946

Dan Bernhardt

University of Illinois at Urbana-Champaign - Department of Economics ( email )

1206 South Sixth Street
Champaign, IL 61820
United States
217-244-5708 (Phone)

Stefan Krasa

University of Illinois at Urbana-Champaign - Department of Economics ( email )

410 David Kinley Hall
1407 W. Gregory
Urbana, IL 61801
United States
217-333-7698 (Phone)
217-244-7969 (Fax)

Mehdi Shadmehr (Contact Author)

University of North Carolina (UNC) at Chapel Hill - Department of Public Policy ( email )

Abernathy Hall
Chapel Hill, NC 27599-3435
United States

HOME PAGE: http://mehdishadmehr.com

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