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We would cease to be short-run maximisers who ignore long-run consequences.
Then they look at the short- and long-run consequences of the default.
But even economists who had no interest in this aspect of Keynes's life, like the economist James Buchanan, have criticized Keynesian economics for its excessively short-term focus and negative long-run consequences.
Quite aside from their negative long-run consequences, these cuts would lead, directly and indirectly, to the elimination of hundreds of thousands of jobs — and this could short-circuit the virtuous circle of rising incomes and improving finances.
But change does not have to be fast for its long-run consequences to be profound.Nor do robots have to become fully autonomous in order to be able to do a far wider range of interesting and useful things than they do today.
Formal learning theory provides a framework for studying the long-run consequences of a wide range of methodologies.
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Now, how to ensure that continuous assessment measures pupils' performance, and not that of their parents?* "The long-run human capital and economic consequences of high-stakes examinations", by Victor Lavy, Avraham Ebenstein and Sefi Roth.
The theory of learning in games studies how and which equilibria might arise as a consequence of a long-run non-equilibrium process of learning.
These two clinical manifestations, a consequence of a long-run untreated uveitis as aforementioned, misled us to diagnose the patient with phacolytic glaucoma because she had a cataract with high intraocular pressure.
The coherent explanation is given by economic theory, which makes crystal clear that the choice of fiscal labels is economically arbitrary and that, as a consequence, the projected path of the government's short and long-term cash flows is arbitrary, and that, as consequence, economic theory does not distinguish short-run vs. long-run budget policy.
Many of the unintended consequences may be more difficult to observe directly or to measure, because they are medium- to long-run effects.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com