Skip to main content
SpringerLink
Log in
Book cover

IS-LM and Modern Macroeconomics

  • Book
  • © 2000

Overview

Editors:
  1. Warren Young

    1. Department of Economics, Bar Ilan University, Israel

    View editor publications

    You can also search for this editor in PubMed   Google Scholar

  2. Ben Zion Zilberfarb

    1. Department of Economics, Bar Ilan University, Israel

    View editor publications

    You can also search for this editor in PubMed   Google Scholar

Part of the book series: Recent Economic Thought (RETH, volume 73)

This is a preview of subscription content, log in via an institution to check access.

Access this book

Log in via an institution
eBook USD 149.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 199.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

Licence this eBook for your library

Institutional subscriptions

Table of contents (11 chapters)

  1. Front Matter

    Pages i-ix
    Download chapter PDF

  2. Introduction: Quo Vadis IS-LM?

    • Warren Young, Ben Zion Zilberfarb
    Pages 1-6

  3. Old, New and Post Keynesian Perspectives on the IS-LM Framework: A Contrast and Evaluation

    • Huw Dixon, Bill Gerrard
    Pages 7-28

  4. Post Walrasian Macroeconomics and IS/LM Analysis

    • David Colander
    Pages 29-42

  5. IS-LM and Aggregate Demand: A Restatement

    • David F. Heathfield
    Pages 43-56

  6. How to Construct is and LM Curves in the Spirit of Hicks or, Why We do not Need the Aggregate Demand Curve

    • Ingo Barens
    Pages 57-76

  7. On ‘Money’ in ISLM and AD/AS Models

    • Colin Rogers, T. K. Rymes
    Pages 77-90

  8. IS-LM and Leijonhufvud’s Re-Appraisal

    • Bruce Littleboy
    Pages 91-105

  9. IS-LM and Macroeconometric Models

    • Bert G. Hickman
    Pages 107-120

  10. Macroeconomics without IS-LM: A Counterfactual

    • Robert W. Dimand
    Pages 121-131

  11. What Keynes Would Have Thought of the Development of ISLM

    • J. W. Nevile
    Pages 133-149

  12. The IS-LM Model: Its Role in Macroeconomics

    • L. R. Klein
    Pages 151-159

  13. Back Matter

    Pages 161-166
    Download chapter PDF
Back to top

Keywords

About this book

IS-LM is perhaps the prime example of `cognitive dissonance' in economics, and is problematic to many economists. On the one hand, the IS-LM model is still taught by many academic economists or they use it to derive the AD-AS approach. On the other hand, the same economists realize the limitations of the basic IS-LM model and would not now use it for policy analysis, as they did in the past. The distinction between pedagogical and analytical efficacy is made by all the authors in this volume regarding the IS-LM model. Indeed, even those who would reject using the model for modern policy analysis still see the basic model as useful for teaching purposes. Moreover, in an augmented form, some of the authors in this volume would even see fit to use IS-LM for modern policy analysis. As will be seen, therefore, the IS-LM model is `not yet dead'. Rather, the model's `plasticity' has enabled it to undergo a metamorphosis into augmented form, enabling its continuing utilization in economics accordingly.

Editors and Affiliations

  • Department of Economics, Bar Ilan University, Israel

    Warren Young, Ben Zion Zilberfarb

Bibliographic Information

Publish with us

Policies and ethics

Back to top

Search

Navigation