Mahatma Gandhi, John F

question 18

Essay

Mahatma Gandhi, John F. Kennedy, Martin Luther King Jr. are all cited as charismatic leaders. Economics tells us that charisma can be learned. What is the inconsistency in the economic argument?
Economics tells us that those leaders will do anything to improve their own utility and promote their own self interest. If it is in the leader's self interest to be charismatic, then he will spend resources to learn the styles from others. But the problem is that the very style the leader is copying in the said question, are from individuals who did not care about their own welfare in the first place.

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Definitions:

Net Present Value

A calculation that discounts future cash flows back to their present value to evaluate and compare the profitability of investments or projects.

Project Analysis

The process of evaluating the viability and profitability of a project or potential investment, often involving calculations of various financial metrics and consideration of risk factors.