Can one write principle of mathematical induction formally in the following way ($ P $ and $ S $ are a predicate and the successor function, respectively)?
$$(\exists x\in\mathbb {N}(P (x))\wedge \forall y\in \mathbb {N}_{\geq x}(P (y)\Rightarrow P (S (y))))\Leftrightarrow \forall z\in \mathbb{N}_{\geq x}(P (z))$$