Economic Self-Interest and Political Behavior

Abstract

The nature of the relationship between personal economic well-being and political behavior has been an object of much theory and research in the social sciences. A growing number of studies of survey data have concluded, however, that there is little or no relationship in the U.S. between financial well-being and political attitudes and behavior. This paper offers an explanation for these findings based on the way people perceive the nature of their financial well-being. The analysis shows that belief in economic individualism leads people to accept personal responsibility for their economic conditions, which in turn eliminates any connection between personal well-being and political evaluation. I discuss the role of political culture and belief in the assessment of self-interest and rationality in political behavior in light of these findings.