DATE APRIL 15 2023

Top 10 economic models used in the United States


This model, developed by John Maynard Keynes, emphasizes the role of government intervention in stabilizing the economy, especially during times of recession.

Keynesian model

This model, associated with economist Milton Friedman, emphasizes the role of the money supply in controlling inflation and promoting economic stability.

Monetarist model

This model emphasizes the role of markets in allocating resources and promoting efficiency.

Neoclassical model

This model, developed by economists such as Adam Smith and David Ricardo, emphasizes the role of self-interest and competition in promoting economic

Classical model

This model combines the insights of Keynesian and neoclassical economics to explain the role of market imperfections

New Keynesian model

This model emphasizes the role of productivity shocks and technological progress in driving economic fluctuations.

Real business cycle model

This model emphasizes the role of individual action and entrepreneurship in driving economic growth and innovation.

Austrian model

This model emphasizes the role of power relations and institutional factors in shaping economic outcomes.

Post-Keynesian model

These models incorporate insights from psychology and other social sciences to explain how people make economic decisions.

Behavioral economics models