到了1970年代，新古典主义总体均衡学派通过一个假设“金融只是一张包装纸”的实体部门模型说服了凯恩斯主义者，并因此令他们对金融市场的不稳定作用一无所知。
By the 1970’s, the neoclassical general-equilibrium school captured Keynesian economics through real-sector models that assumed that “finance is a veil,” thereby becoming blind to financial markets’ destabilizing effects.