The IS-LM functions and the ‘neoclassization” of Keynes’s thought

Luiz Antonio de Oliveira Lima ()

Brazilian Journal of Political Economy, 1989, vol. 9, issue 2, 193-208

Abstract: This article firstly analyses the antikeynesian features of “IS-LM” model as developedby Hicks, as well as the extensions of this model in the version of Pigou and Modigliani.In a second stage, it analyses the internal inconsistencies of the model, as pointed outby Hicks himself, when it fits together a flow relation which is expressed in the IS curve witha stock or balance sheet relation, as expressed by the LM curve. JEL Classification: B21; E12.

Keywords: ISLM model; Keynesianism; history of economic thought (search for similar items in EconPapers)
Date: 1989
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