The Arnulfista Party, founded in 1990, was named in homage to him. His widow, Mireya Moscoso, representing that party, was elected president of Panama in 1999.
ArnulfoArias has been elected to the presidency at least three times since 1940 (perhaps four or five if, as many believe, the vote counts of 1964 and 1984 were fraudulent), but he has never been allowed to serve a full term.
ArnulfoArias had promulgated a new constitution in 1941, which was designed to extend his term of office.
Among his behind-the-scenes manipulations were the denial to ArnulfoArias of the presidency he apparently had won in 1948, the installation of Arias in the presidency in 1949, and the engineering of Arias's removal from office in 1951.
In October 1941, PresidentArias was deposed by the National Police (the predecessor of the National Guard and FDP), and the presidency was assumed by Ricardo Adolfo de la Guardia.
Arias turned eighty-six in 1987 and could no longer exercise the leadership or muster the popular support he enjoyed in the past.
Its leader, Ricardo Arias Calderón, was a vice presidential candidate on the ArnulfoArias ticket and emerged in 1987 as the most visible spokesman of the political opposition.