Who first formulated the Political Business Cycle Theory? 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?
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