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Our paper is devoted to the concept of political leadership. Leaders in politics are ubiquitous and their role is essential, since they often represent individuals capable of drawing the masses or inducing massive changes in the society. In the same time, political leaders have to obey the laws and norms, since quite often charismatic leaders who ignited plausible changes, become no longer needed and need to step down. The paper also discusses the concept of a political culture and the role of leadership in shaping up this culture. In addition, it tackles the issues of moral hazard and public expectations that are entwined with the theory of political leadership. We conclude that political leaders should be responsible for the maintaining the healthy social and political environment and preserving the rule of law. Moreover, it becomes clear that a key feature of successful 21 century political leaders is be the ability to act at multiple levels of leadership and to emanate authority and respect at various local and international levels.

Political leadership, moral hazards, and public expectations