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Canadian economist Richard Lipsey and Australian economist Kelvin Lancaster showed in a 1956 paper that if one optimality condition in an economic model cannot be satisfied, it is possible that the next-best solution involves changing other variables away from the ones that are usually assumed to be optimal.
Alejandro Navarro (MAS): He has characterized himself as a leader in the "dissident" faction of the Socialist Party, which harshly criticizes what they call the "neoliberal" economic model and supports Hugo Chávez and Fidel Castro.
Economic order quantity (also known as EOQ Model), an economic model for inventory management
Rod Beckstrom presented a mathematical model for describing networks that are in a state of positive network effect at BlackHat and Defcon in 2009 and also presented the "inverse network effect" with an economic model for defining it as well.
David Chilton's book, Productive Christians in an Age of Guilt Manipulators (1986), with a foreword by Gary North, argues that Sider's book takes a position contrary to the biblical teachings on economics, poverty, and giving, and that the economic model it provides is untenable.
In the 20th century the veil of money is used to describe questions of stability and the exchangeability of money for interest or commodity in a macro-economic model.
The McKibbin-Sachs Global Model is a global economic model developed originally in 1984 jointly with Jeffrey Sachs is a widely used intertemporal general equilibrium model of the world economy.