The Political Business Cycle 50 Years Later

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The Political Business Cycle 50 Years Later

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April 2025 marks the 50th anniversary of the publication of Yale University economist William D. Nordhaus’s “The Political Business Cycle” (April 1975) in The Review of Economic Studies. This important article not only formally defined a new exogenous hazard to market performance at a…

This story appeared on mises.org, 2025-05-10 10:10:49.276000.