IS-LM模型：一个经济思想史的考察

李井奎

PDF
Cite
Share

facebook

twitter

google

linkedin

November 2022

Article Contents

Citation: Jingkui LI. IS-LM Model: An Investigation from the History of Economic Thought[J]. Academic Monthly, 2022, 54(8): 45-54. shu

IS-LM Model: An Investigation from the History of Economic Thought

Jingkui LI

Abstract

The IS-LM model was the dominant model of neoclassical macroeconomic models from World War II until the early 1980s, but its status has been seriously challenged since the 1980s. Although the IS-LM model is no longer the core content of the frontier research of macroeconomics, it is still an important content of elementary and even intermediate macroeconomics textbooks, and has a wide range of applications in the field of practical macroeconomic management. This paper elaborates the historical fate of the IS-LM model in detail, including its rise, decline and the reverie it brings to us in the history of economic thought. Through the changes in the thought history of this model, it reflects the century changes of macroeconomics research.
- Keynesian revolution,
- IS-LM model,
- monetarism,
- rational expectations.
References
Access
1. [1]
  LEI Lei . Methodological Standpoint of Digital Jurisdiction: Functionalism, or Normativism?. Academic Monthly, 2026, 58(1): 108-119.
2. [2]
  XIE Yue . How State Capacity Is Generated in Practice——A Dynamic Equilibrium Model of Governance. Academic Monthly, 2026, 58(8): 106-117.
3. [3]
  YU Jianxing , LIU Yuxuan . Beyond the Outside Observer: Repositioning the Social Sciences in the Era of Large Language Models. Academic Monthly, 2026, 58(7): 77-89.
4. [4]
  NI Liangkang . The Philosophy of History of “New Idealism” after Hegel: Neo-Hegelianism. Academic Monthly, 2026, 58(7): 12-22.
5. [5]
  HE Lei . What Is Kant's “Problem of the Thing-in-Itself”——With a Concurrent Critique of Mou Zongsan's Assertion and Li Minghui's Defense. Academic Monthly, 2026, 58(3): 31-40.
6. [6]
  ZHANG Yi . Cognitive Transformation in Historical Research in the Age of AI——“Fluency-Induced Occlusion” in LLM-Assisted Reading of Diplomatic Manuscripts. Academic Monthly, 2026, 58(8): 29-40.
7. [7]
  LU Mingjun . Simulacra, Pattern Recognition, and Computational Formalism——Reflections on the Application of AI in Artistic Practice and Art History Research. Academic Monthly, 2026, 58(8): 41-55.

Figures(3)

Get Citation

PDF

XML

Entire Issue PDF

Article Metrics

Article views: 9830 Times PDF downloads: 6 Times Cited by: 0 Times

Metrics

PDF Downloads(6)
Abstract views(9830)
HTML views(486)

Latest
Most Read
Most Cited

通讯作者: 陈斌, bchen63@163.com

1.
沈阳化工大学材料科学与工程学院沈阳 110142

IS-LM Model: An Investigation from the History of Economic Thought

Jingkui LI

Available Online: 2022-08-20

Abstract: The IS-LM model was the dominant model of neoclassical macroeconomic models from World War II until the early 1980s, but its status has been seriously challenged since the 1980s. Although the IS-LM model is no longer the core content of the frontier research of macroeconomics, it is still an important content of elementary and even intermediate macroeconomics textbooks, and has a wide range of applications in the field of practical macroeconomic management. This paper elaborates the historical fate of the IS-LM model in detail, including its rise, decline and the reverie it brings to us in the history of economic thought. Through the changes in the thought history of this model, it reflects the century changes of macroeconomics research.