IYLM z a General Theory - colnpatible replacement for ISLM Rod O ' Donnell and Colin

The ISLM model has a long, controversial and convoluted history across time and economists. Although often attributed solely to Hicks, and sometimes called the Hicks-Hansen model after Hansen later institutionalised Hicks's formulation within the profession, it would be more accurately called the Harrod-Meade-HicksReddaway-Champernowne-Lange-Timlin-Modigliani-Hansen ISLM model to indicate the broader range of its originators, contributors and institutionalisers from 1936 to 1953. Despite its important role in the development of orthodox macroeconomic thinking, the origins of this model remained neglected untilYoung's (I987) revealing study. The role played in this history by Keynes has also been a matter of controversy, his stance being interpreted in different ways and generating sharp divisions of