The history of studies on blood clotting goes back to the emergence of civilized society itself. The foundations of the modern scientific study of hemostasis are based on the discovery of erythrocytes in blood in 1674 and, later, that of platelets in 1842. The causes of thrombosis are encapsulated in the Virchow Triad (dated to 1856), which refers, in modern terms, to hypercoagulability, alterations of hemodynamics (stasis), and endothelial injury. The understanding of coagulation, the network of reactions that underlies hemostasis and thrombosis, has evolved from a cascade (in 1964) into spatially distinct sets of reactions dependent on co-factors occurring on different cells in different tissues and linked together by diffusion and flow (as of 2015). Correspondingly, mathematical/computational models for hemostasis and thrombosis (which involve coagulation along with platelet aggregation in the presence of flow) have evolved in design complexity from Continuum temporal (or “homogeneous”) models to Continuum spatio-temporal models (with or without the flow) and lately into Discrete-Continuum spatio-temporal models with the flow. After a brief listing of the discoveries and historical personae that contributed to the understanding of hemostasis up to the present, the development of mathematical/computational models is traced from the late 1980s when they started gaining importance. Influential models are then highlighted. The models are reviewed in increasing order of design complexity (one of four possible methods of classification). The physiological significance of each and the insights they offer into hemostasis regulation are explained. © 2022 The Authors