Remember stagflation? A combination that Keynesian economics had trouble reconciling.

还记得滞胀吧？这是凯恩斯经学难以调和的一个组。

Now eventually Keynesian Economics became part of mainstream economic theory.

现在，凯恩斯经学最终成为主流经学理论的一部分。

John Maynard Keynes was teaching at Cambridge University at the time.

约翰·梅纳德·凯恩斯当时在剑桥大学教学。

Keynes supposed there was a “multiplier effect” from changes in investment spending.

凯恩斯认为，存在着一种来自投资开支改变的“乘数效应”。

In the post-war years the Treasury was a hub for Keynesian demand management.

在战几年财部曾是凯恩斯主义需求管理的中心。

That was how post-war new towns such as Milton Keynes andStevenagewere built.

这就是战新城-，米尔顿凯恩斯和斯蒂夫尼奇建成之法。

Milton Keynes and badgers. Who knew that's your expertise.

米尔顿凯恩斯和獾。谁知道这是你的专长。

I've been to Milton Keynes quite a few times. I've never had a Bacon Badger.

我去过米尔顿·凯恩斯很多次。我从来没有吃过培根獾。

This industrial campus in Milton Keynes, north-west of London, however, is particularly cautious.

然而，位于伦敦西北部米尔顿凯恩斯的这个工业园区却特别谨慎。

Keynesian academics pounced, declaring the intellectual foundation of austerity destroyed.

于是，凯恩斯主义学者们趁势断言，财紧缩的理论基础破裂。

The splurge was driven partly by Keynesian attempts to end Japan's slump.

开支的增多部分是由于用凯恩斯式的方式去尝试解决日本经衰退。

He looks right about living standards, but horribly wrong about working hours.

对于生活水平，凯恩斯是猜对了，但是对于工作时间，凯恩斯却是大错特错。

Cairns Airport is partially underwater. Homes have been flooded and roads turned into rivers.

凯恩斯机场部分被水淹没。房屋被淹，道路变成了河流。

Keynes thought this insight was especially important because of what he called “liquidity preference”.

由于他称之为“流动性偏好”的原因，凯恩斯认为这种真知灼见非常重要。

Keynes proposed bancor just after sterling lost its sway.

就在英镑失去影响力之，凯恩斯提出了bancor。

It was, Keynes wrote, " a dreadful business" ; he was " almost beyond rescue" .

凯恩斯写道，这是“一件可怕的事情”；他“几乎没救了”。

The city of Buckinghamshire is indeed Milton Keynes, known for many, many wonders.

白金汉郡确实是米尔顿凯恩斯，以许多许多奇观而闻名。

Keynes argued that government should get involved in increasing demand to keep productivity up, and unemployment down.

凯恩斯认为，应该参与增加需求，以保持生产率的提高和失业率的下降。

With a beautiful tropical climate, Cairns is one of the most popular places to visit in Australia.

凯恩斯有着美丽的热带气候，是澳大利亚最受欢迎的旅游景点之一。

Fellow British citizen John Beeden rowed from San Francisco to the Queensland city of Cairns in 2015.

2015年，同为英国公民的约翰·比登从旧金山划船抵达了昆士兰的凯恩斯市。