<p>The first scholar to model the intuition behind the political business cycle is William Nordhaus in a REStud article (1975).</p>

<p>Nordhaus (1975) is thus widely believed to be the seminal article in the literature: <a href="https://www.jstor.org/stable/2296528?seq=1#page_scan_tab_contents" rel="nofollow noreferrer">https://www.jstor.org/stable/2296528?seq=1#page_scan_tab_contents</a></p>

CC BY-SA 3.0
2017-03-05T16:52:14.047Z
2017-03-05T16:52:14.047Z
egodig90
<p>Quick Wikipedia found :</p>

<p><a href="https://en.wikipedia.org/wiki/Business_cycle" rel="nofollow">https://en.wikipedia.org/wiki/Business_cycle</a></p>

<ul>
<li>Look at the section of Politically based business cycle</li>
</ul>

<blockquote>
  <p>The political business cycle theory is strongly linked to the name of
  <strong>Michał Kalecki</strong> who discussed "the reluctance of the 'captains of
  industry' to accept government intervention in the matter of
  employment."</p>
</blockquote>

<p><a href="https://en.wikipedia.org/wiki/Micha%C5%82_Kalecki" rel="nofollow">https://en.wikipedia.org/wiki/Micha%C5%82_Kalecki</a></p>

CC BY-SA 3.0
2015-10-02T10:57:54.750Z
2015-10-02T10:57:54.750Z
Thorst
<p>The first time I saw it, was in Stephen Harper's Master's Thesis</p>

<p><a href="http://dspace.ucalgary.ca/bitstream/1880/24345/1/1991_Harper.pdf" rel="nofollow">http://dspace.ucalgary.ca/bitstream/1880/24345/1/1991_Harper.pdf</a></p>

<p>It comes across as being very similar to the Austrian Business Cycle Theory, but I have not come across it in their writings as of yet.</p>

<p>Who was the one to first coin and formulate the theory?</p>

<business-cycles><austrian>
Who first formulated the Political Business Cycle Theory?
Anon
# Who first formulated the Political Business Cycle Theory?

(Asked by: username_0 on 2015-10-02)

The first time I saw it, was in Stephen Harper's Master's Thesis

<http://dspace.ucalgary.ca/bitstream/1880/24345/1/1991_Harper.pdf>

It comes across as being very similar to the Austrian Business Cycle Theory, but I have not come across it in their writings as of yet.

Who was the one to first coin and formulate the theory?

**Tags:** business-cycles, austrian


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## 2 answers

### Answer by username_1 on 2017-03-05. Score: 2

The first scholar to model the intuition behind the political business cycle is William Nordhaus in a REStud article (1975).

Nordhaus (1975) is thus widely believed to be the seminal article in the literature: <https://www.jstor.org/stable/2296528?seq=1#page_scan_tab_contents>


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### Answer by username_2 on 2015-10-02. Score: 2

Quick Wikipedia found :

<https://en.wikipedia.org/wiki/Business_cycle>

* Look at the section of Politically based business cycle

> The political business cycle theory is strongly linked to the name of
> **Michał Kalecki** who discussed "the reluctance of the 'captains of
> industry' to accept government intervention in the matter of
> employment."

<https://en.wikipedia.org/wiki/Micha%C5%82_Kalecki>


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