In the United States, most prominent politicians have a law degree, extensive political experience, or both. But as the country’s 2016 presidential election showed, career politicians do not always have the upper hand; people with business backgrounds also can win elections. Yet substantial debate continues about how well a business career translates into public service. This illuminating report from economist Florian Neumeier methodically tracks the records of “CEO governors” and quantifies their economic results. getAbstract recommends this empirical study of a speculative discussion to public servants and voters, as well as to businesspeople considering a run for public office.
In this summary, you will learn
- What a study of US “CEO governors” reveals,
- What economic effects they had on their state economies and
- How these accomplishments compare to those of career-politician governors.
About the Author
Florian Neumeier is an economist at the Ifo Institute in Munich, Germany.