In political science, economic voting is a theoretical perspective which argues that voter behavior is heavily influenced by the economic conditions in their country at the time of the election. According to the classical form of this perspective, voters tend to vote more in favor of the incumbent candidate and party when the economy is doing well than when it is doing poorly. This view has been supported by considerable empirical evidence. There is a substantial literature which shows that across the world's democracies, economic conditions shape electoral outcomes. Economic voting is less likely when it is harder for voters to attribute economic performance to specific parties and candidates. Research on economic voting combines the disciplines of political science and economics using econometric techniques. Economic voting has been divided into several categories, including pocketbook voting (based on individual concerns) versus sociotropic voting (based on the economy at large), as well as retrospective voting (based on previous economic trends) versus prospective voting (based on expected future economic trends). Research conducted in the United States has indicated that, in presidential elections, American voters tend to be sociotropic and retrospective. However, when the incumbent candidate in a United States presidential election is not running, economic voter choice tends to be overwhelmingly prospective. One of the most prominent expressions of the economic voting perspective came when James Carville, the chief strategist for Bill Clinton's 1992 presidential campaign, placed a sign in the campaign office reading "It's the economy, stupid!". Research shows in the United States that voters punish the president's party in presidential, Senate, House, gubernatorial and state legislative elections when the local economy is doing poorly. There is empirical evidence to show that in India a positive relationship between economic growth and overall re-election prospects exists, that is, economy matters for the election results in India. While Gupta and Panagariya (2014) and Vaishnav and Swanson (2015) examine the correlation in the 2000s, Chanchal Kumar Sharma and Wilfried Swenden (2019) examine and establish a more durable connection between economic governance and party system change in India. The economic governance theory proposed by Chanchal Kumar Sharma & Wilfried Swenden suggests that voters largely held national incumbents responsible for economic success or failure under the command-economy paradigm, but state incumbents under the market economy paradigm. As free-market reforms empowered the states to develop their own economic and social policies, subnational and not national political incumbents, often representing regional or state parties, were increasingly held responsible for changes in the economic life of the states they governed. The salience of economic issues (especially unemployment and lack of overall development during the state incumbents' term in office) in post 2019 assembly elections in Haryana and Maharashtra vindicates Sharma-Swenden thesis. A 2021 study found that evidence of economic voting in all U.S. presidential elections, all the way back to George Washington. (Wikipedia).
Math for Liberal Studies: Instant-Runoff Voting
In this video, we see some examples using instant-runoff voting to find the winner of an election. For more info, visit the Math for Liberal Studies homepage: http://webspace.ship.edu/jehamb/mls/index.html
From playlist Math for Liberal Studies
Our economy faces striking challenges: declining wages for blue collar labor, increasingly impotent labor unions, globalization and new forms of trade protectionism, the rise of a “gig economy” in which people are not formal employees of places like Uber, and new technologies – especially
From playlist Election 2016
(New Version Available) Introduction to Voting Theory and Preference Tables
Updated Version: https://youtu.be/WdtH_8lAqQo This video introduces voting theory and explains how to make a preference table from voting ballots. Site: http://mathispower4u.com
From playlist Voting Theory
Math for Liberal Studies - Lecture 2.1.1 Introduction to Controversial Elections
This is the first video for Math for Liberal Studies Section 2.1: Controversial Elections. In this video, I talk about some recent and historical examples of controversial elections. We talk about some of the ways that the result of an election can be seen as "unfair," even when every vote
From playlist Math for Liberal Studies Lectures
Voting Theory: Insincere Voting / Strategic Voting
This video discusses insincere or strategic voting and how it can affect the outcome of an election. Site: http://mathispower4u.com
From playlist Voting Theory
Voting Theory: Approval Voting
This video explains how to apply the approval voting method to determine the winner of an election. Site: http://mathispower4u.com Content Source: http://www.opentextbookstore.com/mathinsociety/
From playlist Voting Theory
Vote for The Economics Party- Clifford vs Trump & Clinton
Two points. First, politicians shouldn't make economically unrealistic promises. A single-payer health care system would be nice, so would free college education, lower taxes, paid maternity, a balanced budget, services for senior citizens, a trade surplus, and programs to alleviate povert
From playlist Clifford's Favorite Videos
Henry L. Stimson Lectures on World Affairs: Brexit means Brexit. Britain out of Europe
The third talk in the series "Henry L. Stimson Lectures on World Affairs: Britain and Europe in a Troubled World with Vernon Bogdanor." Vernon Bogdanor is a frequent contributor to TV, radio, and the press. In 2008, he was awarded the Sir Isaiah Berlin Award by the Political Studies Assoc
From playlist The MacMillan Center
Negotiations and Group Decisions: Passing Bills with Backroom Deals - M. Agranov - 4/25/2018
Group decisions often involve the allocation of scarce resources among members with conflicting interests. Negotiations are part and parcel of such decisions, as they create a natural arena for informal agreements and quid pro quo deals. Do these deals help or hurt the bargaining process?
From playlist Caltech Watson Lecture Series
Democracy Matters: The Challenges Posed by COVID-19 —and What Policy Makers Can Do About It
In this video, Ran Abramitzky, Marshall Burke, Matthew Gentzkow, Pamela Karlan, and Erin Mordecai discuss the challenges posed by COVID-19, including discussions on voting, air quality, polarization, and super-spreading. This video is part of a larger series entitled Democracy Matters, h
From playlist Democracy Matters
Brothers or Invaders? How Crisis-Driven Migrants Shape Voting Behavior
Professor Sandra Rozo studies the electoral effects of the arrival of 1.3 million Venezuelan refugees in Colombia as a consequence of the Venezuelan humanitarian crisis. She exploits the fact that forced migrants disproportionately locate in places with earlier settlements of Venezuelans a
From playlist Refugee Program Seminars
From playlist Election 2016
Rust Belt Populism: An Economic Analysis | Pia Malaney
Rust Belt Populism: An Economic Analysis | Watch the newest video from Big Think: https://bigth.ink/NewVideo Join Big Think Edge for exclusive videos: https://bigth.ink/Edge ---------------------------------------------------------------------------------- Americans understands very wel
From playlist Best Videos | Big Think
Young Generations Are Now Poorer Than Their Parents And It's Changing Our Economies
This video was made possible by our Patreon community! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️ https://www.patreon.com/EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ The Economic Explained team uses Statista for conducting our research. Check out their YouTube
From playlist Case Studies
Problems with the Classical Conception of Rationality (John Searle)
John Searle discusses the standard conception of rationality and some of the problems and paradoxes that it gives rise to, including the impossibility of Akrasia (i.e. weakness of will), the impossibility of self-deception, the irrationality of voting, that there must be some odds at which
From playlist Free Will, Determinism, & Action
Modi's India: Thinking About the Future
In May, India completed the largest democratic election the world has ever seen. Over the course of five weeks, more than 800 million people turned out to cast their votes. The election of Narendra Modi and his Bharatiya Janata Party (BJP) came as a surprise to many, especially since the i
From playlist Interviews and Talks
India's Policy Priorities Under Prime Minister Narendra Modi
Speaker, Amb. Hemant Krishan Singh Wadhwani Chair in India-U.S. Policy Studies Indian Council for Research on International Economic Relations Moderator, Richard Rossow Senior Fellow and Wadhwani Chair in U.S.-India Policy Studies Center for Strategic and International Studies
From playlist Interviews and Talks
Math for Liberal Studies - Lecture 2.6.2 Approval and Range Voting
This is the second video lecture for Math for Liberal Studies Section 2.6: Impossibility and Alternative Ballots. In this lecture, we explore the alternative ballots discussed in the previous lecture. We learn how to find the winner of an election using this ballots, and also explore some
From playlist Math for Liberal Studies Lectures