AbstractThe variety (equational class) of lambda abstraction algebras was introduced to algebraize the untyped lambda calculus in the same way Boolean algebras algebraize the classical propositional calculus. The equational theory of lambda abstraction algebras is intended as an alternative to combinatory logic in this regard since it is a first-order algebraic description of lambda calculus, which allows to keep the lambda notation and hence all the functional intuitions. In this paper we show that the lattice of the subvarieties of lambda abstraction algebras is isomorphic to the lattice of lambda theories of the lambda calculus; for every variety of lambda abstraction algebras there exists exactly one lambda theory whose term algebra gen...