F. A. Hayek observed that political competition often encourages would-be leaders to ignore moral norms and do whatever is necessary to gain power. The rise of Turkish president Recep Tayyip Erdoğan is a startling illustration of this uncomfortable truth.

Jeremy T. Schwartz is assistant professor of accounting in the Lariccia School of Accounting and Finance at Youngstown State University.
Gökhan Karahan is associate professor of accounting in the Department of Accounting and Finance at the University of Alaska, Anchorage.
EconomyGovernment and PoliticsLaw and LibertyPolitical TheoryPublic Choice
Other Independent Review articles by R. Morris Coats
Spring 2013 The Calculus of Conquests: The Decline and Fall of the Returns to Roman Expansion