英語(yǔ)考試輔導(dǎo):金融世界第十二講

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在上一講中我們提到英國(guó)經(jīng)濟(jì)學(xué)家凱恩斯的經(jīng)濟(jì)理論曾在經(jīng)濟(jì)學(xué)領(lǐng)域掀起了一場(chǎng)革命。他認(rèn)為經(jīng)濟(jì)衰退是由對(duì)商品和服務(wù)的有效需求不足而引起的,政府可以對(duì)此采取措施,影響經(jīng)濟(jì)的發(fā)展。二次大戰(zhàn)后各國(guó)政府紛紛接受這一理論,承擔(dān)起對(duì)經(jīng)濟(jì)運(yùn)作的責(zé)任。
    今天我們要介紹一下經(jīng)濟(jì)學(xué)界對(duì)凱恩斯經(jīng)濟(jì)理論的不同看法。甚至在凱恩斯理論的鼎盛時(shí)期,也一直存在著對(duì)這一理論的爭(zhēng)執(zhí)。一九七六年獲得諾貝爾經(jīng)濟(jì)學(xué)獎(jiǎng)的美國(guó)教授弗里德曼就是持有不同看法的學(xué)者之一。
    在聽(tīng)弗里德曼教授講述他的觀(guān)點(diǎn)之前,我們先來(lái)學(xué)幾個(gè)他要在談話(huà)中使用的英文詞匯:
    1 Keynesian orthodoxy 凱恩斯傳統(tǒng)理論
    2 monetary policy 貨幣政策,指一國(guó)中央銀行對(duì)貨幣和信貸的調(diào)節(jié)管理政策。
    3 easy money 低息貸款,銀根松動(dòng)
    4 misinterpretation 曲解
    5 Federal Reserve system 聯(lián)邦儲(chǔ)備系統(tǒng)
    下面我們聽(tīng)一下弗里德曼教授對(duì)凱恩斯理論的不同看法:
    In the first place the reason Keynesian orthodoxy came into so much favour was because of a widespread misinterpretation of the Great Depression. And it was widely interpreted as showing that monetary policy couldn't work. It was interpreted that way because of course all of the central bankers kept saying that they were engaged in very easy money and that the economy was declining in spite of them, their actions, and not because of their actions.
    首先,凱恩斯理論之所以這樣受寵,是因?yàn)閺V泛流傳的對(duì)大蕭條的錯(cuò)誤解釋。大蕭條被普遍認(rèn)為表明了貨幣政策的無(wú)效,因?yàn)樗兄醒脬y行官員都堅(jiān)持說(shuō)銀根已經(jīng)放得很松。盡管他們采取了行動(dòng),經(jīng)濟(jì)仍然衰退,而衰退并不是由于他們的行動(dòng)造成的。
    But we found that the situation was very different. Though in our opinion the Great Depression was not a sign of the failure of monetary policy as it was so interpreted, it was not a result of a failure of the market system as was widely interpreted, it was rather a consequence of a very serious government failure, a failure in the monetary authorities to do what they'd initially been set up to do.
    但是我們發(fā)現(xiàn)的情況卻非常不同。盡管我們認(rèn)為大蕭條并非如同它被解釋的那樣是貨幣政策失敗的標(biāo)志,它也不像人們普遍認(rèn)為的那樣是市場(chǎng)機(jī)制失敗的結(jié)果。確切地說(shuō)它是政府嚴(yán)重失敗的后果,是貨幣管理*執(zhí)行當(dāng)初建立它們這些機(jī)構(gòu)時(shí)所賦予它們的職責(zé)的失敗。
    下面我們?cè)偻暾?tīng)一遍弗里德曼的這段談話(huà)。(略)
    弗里德曼教授接下來(lái)進(jìn)一步談了凱恩斯理論的影響和他自己對(duì)這一理論的不同看法。他使用了這樣一些詞匯:
    1 the effect 作用,影響
    2 intellectual community 知識(shí)界,學(xué)術(shù)界
    3 cut tax 減稅
    4 government deficit 政府赤字
     the House of Commons 議會(huì)下院