P. Samuelson showed clearly in 1952 that a mathematical economics analysis using abstract symbols can be written out in clear English(or any other language) as well.Samuelson’s assessment of the interchangeability of a correctly translated mathematical analysis into English was clearly...

Nevile writes that : “Thus, it is of considerable interest to speculate on what Keynes would have thought about the way ISLM became identified as "Keynesian" economics for most of the economics profession. We know, of course, what his first reaction to ISLM was in...

Keynes’s IS-LM model in the General Theory, defined in (r,Y) space and contained in chapter 21 in Part IV on pp. 298-299 of the General Theory, was derived from the underlying D-Z model of Chapter 20 that incorporated expectations and uncertainty into the P(expected economic profits-Z) and...

F. Modigliani presented a special case of Keynes's General Theory result in 1944 in his “Liquidity Preference and the Theory of Interest and Money”. Modigliani sought to provide the IS-LM model of Hicks's 1937 Econometrica interpretation of Keynes's chapter 15 IS-LM model with microeconomic...