  The present article is an extended version of the paper {\it Phys. Rev.} {\bf
B 59}, R2490 (1999), where, we have established the equivalence of the
Calogero-Sutherland model to decoupled oscillators. Here, we first employ the
same approach for finding the eigenstates of a large class of Hamiltonians,
dealing with correlated systems. A number of few and many-body interacting
models are studied and the relationship between their respective Hilbert
spaces, with that of oscillators, is found. This connection is then used to
obtain the spectrum generating algebras for these systems and make an algebraic
statement about correlated systems. The procedure to generate new solvable
interacting models is outlined. We then point out the inadequacies of the
present technique and make use of a novel method for solving linear
differential equations to diagonalize the Sutherland model and establish a
precise connection between this correlated system's wave functions, with those
of the free particles on a circle. In the process, we obtain a new expression
for the Jack polynomials. In two dimensions, we analyze the Hamiltonian having
Laughlin wave function as the ground-state and point out the natural emergence
of the underlying linear $W_{1+\infty}$ symmetry in this approach.
