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Die politische Ökonomie des Parteiensystems

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  • Adam Hermann

Abstract

In the first three post-war decades, the party system in the old Federal Republic was concentrated on the two major popular parties, the CDU/CSU and the SPD, and there was a great deal of satisfaction with democracy. In the following decades, the 2.5-party system became a six-party system. This article analyses the economic background of this development. It comes to the conclusion that high growth rates with noticeably rising real incomes led to the concentration, while low growth rates and stagnation or falling real incomes led to the fragmentation of the party system.

Suggested Citation

  • Adam Hermann, 2024. "Die politische Ökonomie des Parteiensystems," Wirtschaftsdienst, Sciendo, vol. 104(9), pages 618-625.
    • Handle: RePEc:vrs:wirtsc:v:104:y:2024:i:9:p:618-625:n:1012
    DOI: 10.2478/wd-2024-0161
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    References listed on IDEAS

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    1. Mueller, John E., 1970. "Presidential Popularity from Truman to Johnson1," American Political Science Review, Cambridge University Press, vol. 64(1), pages 18-34, March.
    2. Gabriel, Ricardo Duque & Klein, Mathias & Pessoa, Sofia, 2022. "The Political Costs of Austerity," Working Paper Series 418, Sveriges Riksbank (Central Bank of Sweden).
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    More about this item

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior

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