Economics And Politics Revisited

What drives government popularity? For decades, scholars, journalists, and political pundits alike have converged on a single answer: the economy. A rising economy lifts the popularity of the government, and if the economy's fortunes turn south, so too does that of the government. This conventional wisdom informs politicians' decisions as well as the scholarly commentary on parties and elections. Yet the conditions that underlie this model have changed in many countries as globalization has shifted control away from national policymakers, as non-economic cultural issues have risen in importance, and as our politics have become more polarized. At the same time, since the Great Recession in 2008 persistent economic volatility has kept the economy on the agenda. What, then, fuels government popularity in our current volatile environment? Are political fortunes tied to economic stability, as in the past? Or has the economy-popularity link-the popularity function-been severed by a host of new and less predictable factors in post-industrial societies? To answer these questions, Economics and Politics Revisited uses data from the Executive Approval Project (EAP), a cross-nationally comparable data on leader popularity, to model the fundamental dynamics of government support in advanced industrial democracies. Eleven country-specific chapters, each written by experts in the politics of the country, examine the role of economic performance in generating leader support in each country. In all cases, chapter authors show that the economy matters for popularity. However, the economy-popularity link is stronger in some countries than others. Further, chapters leverage EAP series to highlight change over time. Pooled analyses extend these findings, highlighting how the public's responses to the economy are reduced when political campaigns shift to non-economic issues and when parties are polarization on non-economic issues. Collectively, the volume highlights how evolving issue agendas are changing the nature of political accountability in advanced industrialized democracies. While the economy remains important, the book calls on students of political accountability to give greater attention to the role of non-economic issues. Comparative Politics is a series for researchers, teachers, and students of political science that deals with contemporary government and politics. Global in scope, books in the series are characterized by a stress on comparative analysis and strong methodological rigour. The series is published in association with the European Consortium for Political Research. For more information visit: www.ecprnet.eu . The series is edited by Nicole Bolleyer, Chair of Comparative Political Science, Geschwister Scholl Institut, LMU Munich and Jonathan Slapin, Professor of Political Institutions and European Politics, Department of Political Science, University of Zurich.

This book is an introduction to the logic and analytics of group choice. To understand how political institutions work, it is important to isolate what citizens - as individuals and as members of society - actually want. This book develops a means of "representing" the preferences of citizens so that institutions can be studied more carefully. This is the first book to integrate the classical problem of constitutions with modern spatial theory, connecting Aristotle and Montesquieu with Arrow and Buchanan.

During the last 30 years, the Japanese political economy system has experienced significant changes that are usually not well understood or analysed because of their complexity and contradictions. This book provides new analyses and insights on the process of evolving Japanese political economy including Japan’s current economic policy known as Abenomics. The first three chapters looks at evolutions at the corporate level, characterised in recent years by increasing firm heterogeneity. The authors apply theoretically driven analyses to the complex subject of corporate governance, human resource management and corporate reporting by discussing new developments in context of their economic opportunities as well as of their institutional contradictions with continuities in Japanese business practices. The second group of chapters deals with institutional changes and evolving economic reforms on the macro level of political economy. The two chapters focus on the financial system regulation and economic growth policies as two central elements of Japan’s political economy and key drivers in the evolution of its economy. Their analysis allows us to better understand the interplay between reforms and change in consumption credit and to reinterpret Abenomics as a manifestation of ongoing contradictions within the Japanese political economy. The chapters were originally published in a special issue in Japan Forum.

The Oxford Handbook of the Political Economy of International Trade surveys the literature on the politics of international trade and highlights the most exciting recent scholarly developments. The Handbook is focused on work by political scientists that draws extensively on work in economics, but is distinctive in its applications and attention to political features; that is, it takes politics seriously. The Handbook's framework is organized in part along the traditional lines of domestic society-domestic institutions - international interaction, but elaborates this basic framework to showcase the most important new developments in our understanding of the political economy of trade. Within the field of international political economy, international trade has long been and continues to be one of the most vibrant areas of study. Drawing on models of economic interests and integrating them with political models of institutions and society, political scientists have made great strides in understanding the sources of trade policy preferences and outcomes. The 27 chapters in the Handbook include contributions from prominent scholars around the globe, and from multiple theoretical and methodological traditions. The Handbook considers the development of concepts and policies about international trade; the influence of individuals, firms, and societies; the role of domestic and international institutions; and the interaction of trade and other issues, such as monetary policy, environmental challenges, and human rights. Showcasing both established theories and findings and cutting-edge new research, the Handbook is a valuable reference for scholars of political economy.

Over its lifetime, 'political economy' has had different meanings. This handbook views political economy as a synthesis of the various strands of social science, treating it as the methodology of economics applied to the analysis of political behaviour and institutions.

Extensively revised and updated, this classic text revisits the central problem of searching for mainstream and alternative paradigms to guide us in comparative political inquiry. Building upon the first edition's comprehensive and systematic overview of frameworks, ideologies, and theories, the second edition highlights new directions and developments over the past decade, including the continuation of an ideological political science methodological innovations such as rational-choice, historical, and postbehavioural approaches new emphases on and links between political culture and participation the recasting of modernization theory and the revitalization of class analysis and a thoroughgoing post-Keynesian political economy point of view.The second edition continues the tradition of the first in updating what one reviewer commended as outstanding, excellent annotated bibliographies at the end of each chapter and the thorough survey of the general literature of comparative politics at the end of the book." In addition, the new edition includes an appendix of definitions that facilitate clarity and understanding of political science terminology, important for students at every level from the introductory on up.In a post-Cold War world in which challenges to comparative inquiry abound,ethnic conflict, authoritarian repression, state building and disintegration, new industrialization and postindustrialization, security systems redefined,the search for new paradigms that Theories of Comparative Politics represents gains in importance daily.

What drives government popularity? For decades, scholars, journalists, and political pundits alike have converged on a single answer: the economy. A rising economy lifts the popularity of the government, and if the economy's fortunes turn south, so too does that of the government. This conventional wisdom informs politicians' decisions as well as the scholarly commentary on parties and elections. Yet the conditions that underlie this model have changed in manycountries as globalization has shifted control away from national policymakers, as non-economic cultural issues have risen in importance, and as our politics have become more polarized. At the same time, since the Great Recession in 2008 persistent economic volatility has kept the economy on the agenda.What, then, fuels government popularity in our current volatile environment? Are political fortunes tied to economic stability, as in the past? Or has the economy-popularity link-the popularity function-been severed by a host of new and less predictable factors in post-industrial societies?To answer these questions, Economics and Politics Revisited uses data from the Executive Approval Project (EAP), a cross-nationally comparable data on leader popularity, to model the fundamental dynamics of government support in advanced industrial democracies. Eleven country-specific chapters, each written by experts in the politics of the country, examine the role of economic performance in generating leader support in each country. In all cases, chapter authors show that theeconomy matters for popularity. However, the economy-popularity link is stronger in some countries than others. Further, chapters leverage EAP series to highlight change over time. Pooled analyses extend these findings, highlighting how the public's responses to the economy are reduced when political campaignsshift to non-economic issues and when parties are polarization on non-economic issues. Collectively, the volume highlights how evolving issue agendas are changing the nature of political accountability in advanced industrialized democracies. While the economy remains important, the book calls on students of political accountability to give greater attention to the role of non-economic issues.Comparative Politics is a series for researchers, teachers, and students of political science that deals with contemporary government and politics. Global in scope, books in the series are characterized by a stress on comparative analysis and strong methodological rigour. The series is published in association with the European Consortium for Political Research. For more information visit: www.ecprnet.eu .The series is edited by Nicole Bolleyer, Chair of Comparative Political Science, Geschwister Scholl Institut, LMU Munich and Jonathan Slapin, Professor of Political Institutions and European Politics, Department of Political Science, University of Zurich.