Economic perspectives on leadership: Concepts, causality, and context in leadership research

The fields of leadership and economics have interacted very little until now. The aim of this special issue on "economics and leadership" is to demonstrate the potential benefits of paying attention to and incorporating economic perspectives and methods into leadership research. Specifically, we argue that the field of economics can advance leadership research on three main topics: concepts, causality and context. For each topic, we summarize the state-of-the-art literature and showcase important insights, tools and findings. We also discuss possible critiques of the economic perspective on leadership. The timeliness of this issue is evident from recent discussions on the three C's within the field of leadership research, not least within The Leadership Quarterly itself. Our paper as well as the other six papers in this issue demonstrates that narrowing the gap between economics and leadership is not only beneficial and feasible, but also crucial for the progress of leadership research.