Despite their bickering though, their competing ideas — Keynesianism and neoliberalism — remain the seesaw of big thinking in practical economics.

虽然他们争吵不休，但他们相互竞争的观点——凯恩斯主义和新自由主义——仍然是实践经济学中此消彼长的大思想。

The best they had to offer was a watered-down neoliberalism or a microwaved Keynesianism.

他们所能提供的最好的东西是淡化的新自由主义或微波化的凯恩斯主义。

Then, when Keynesianism ran into trouble in the 1970s, the neoliberals, people like Friedrich Hayek and Milton Friedman, came forward with their new restoration story, and it went something like this.

然后，当凯恩斯主义在 20 世纪 70 年代遇到麻烦时， 新自由主义者，像弗里德里希哈耶克和米尔顿弗里德曼这样的人， 提出了他们新的复辟故事， 事情是这样的。