This article explores the development of Keynesian macroeconomics in its early years, and especially in the Big Bang period immediately after the publication of The General Theory. In this period, as standard macroeconomics evolved into the "Keynesian-neoclassical synthesis," its promoters discarded many of the insights of The General Theory. The paradigm that was adopted had some advantages. But its simplifications have had serious consequences—including immense regulatory inertia in response to massive changes in the financial system and unnecessarily narrow application of accelerationist considerations (regarding inflation expectations).

中文翻译：

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他们当时的想法：过去60年宏观经济的后果

本文探讨了凯恩斯主义宏观经济学在其早期，特别是在《通论》出版后的大爆炸时期的发展。在此期间，随着标准宏观经济学演变为“凯恩斯主义-新古典综合主义”，其推动者抛弃了通论的许多见解。采用的范例具有一些优势。但是，其简化产生了严重的后果，包括对金融体系的巨大变化做出巨大的监管惯性，以及不必要地缩小了对加速发展的考虑的适用范围（关于通胀预期）。