Abstract
A review of fundamental works by Shubin and Vonsovsky on the formulation of the polar and s-d(f) exchange models is given. Their ideas are compared with subsequent developments in the theory of magnetism in d- and f-metals and their compounds. Modern approaches including different slave-boson and slave-fermion representations, formation of exotic quasiparticles etc. are discussed. Internal connections between various many-electron models (the Heisenberg, Hubbard, t-J, Anderson Hamiltonians) are presented. Description of anomalous rare-earth and actinide compounds (Kondo lattices, systems with heavy fermions and non-Fermi-liquid behavior) within the framework of the s-d(f) exchange model and related models is considered.
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