- Subject index
The benchmark First and Second Editions of Comparing Democracies represented essential guides to the global study of elections. Reflecting recent developments in the field, this timely new edition gives an indispensable state-of-the art review of the whole field from the world's leading international scholars. With a completely new thematic introduction which explores how democracy is built and sustained, thoroughly updated chapters (many of which are also new), the Third Edition provides a theoretical and comparative understanding of the major topics related to elections and introduces important work on key new areas. Comparing Democracies, Third Edition will remain a must-read for students and lecturers of elections and voting behavior, comparative politics, parties, and democracy.
Chapter 9: Elections and the Economy
Elections and the Economy
Does the economy matter for elections? Given the amount of material written on the subject, we might expect the answer to be “yes, of course.” And for validation we have to look no further than the 2008 elections in the United States. The economy was in free-fall, as vividly shown by the collapse of the US financial industry and subsequent bailouts as well as by falling growth rates and unemployment reaching a 14-year high. Thus, citing the economy as the number one issue, voters dutifully punished the incumbent Republican Party in elections to both the presidency and Congress. In many other electoral contests, however, the economy apparently did not matter–or at least not in the way that we ...