In other words, what they have in common with each other, ethical will and animal passion, is that they're both grounded in interest.
换句话说,道德意志和动物本性,的共同点就是,它们都建立在兴趣之上,对吧?
So very often, our self-interest will just stop our desire to do what's right.
所以我们的自身利益,会阻止我们去做正确的事。
The difference between those two somehow reflects what interest rates will be between one and two.
两者之间的差异在一定程度上反映了,第一年后开始的一年期远期利率
And where will people come from that, if they all follow the psychology of fear and ? self-interest that Hobbes wants to instill in us?
如果都按霍布斯灌输给我们的那样想,时刻保持着恐惧和利己的心态,那又从哪招募那些消防员,警察和军人呢?
The usual function of my equivalent of Power Point isn't quite the same today because I'm taking an interest in some of these diagrammatic matters as well and, as I say, I will be pointing to them.
以前我的粉笔相当于幻灯片的功能,但是今天不太一样,今天我们会用到一些图表,我会指着它们讲解。
India has to try to keep a balance to sort of...relationship and... some areas, there will be competition and few areas there will be conflict but there are many areas of shared interest sort of economic interest and trade between India and China has growing quite significantly.
印度必须竭尽全力维持,与两个国家关系的平衡。,有些领域会充满竞争,有些领域会出现冲突,但在大多数领域中印都有,共同的经济利益,中印贸易,也一直显著增长。
What he says is those forward rates are what people think interest rates will be in the future and that's called the expectations theory of the term structure.
这里所指的远期利率就是人们预期的,未来利率,我们将这种理论称作,利率期限结构的预期理论
His interest here is in the creation of a tight, and highly disciplined cadre of young warriors who will protect the city much as watchdogs protect their own home.
他的兴趣,明显是创造一个紧密,且高度自制的,年轻战士骨架,他们将保卫城市,就像看门狗顾家一样。
I will get to this later, where I have the return minus the interest rate on this axis and the market return minus the interest rate on this axis.
迟一些我会讲到,就是用这个轴表示收益减去利率,这个轴表示市场收益率减去利率
I suspect that with the subprime crisis the Fed will be pushing real interest rates down dramatically again and we may be in a period of negative real interest rates again.
我推测,由于次贷危机,美联储会又一次大幅下调实际利率,我们可能会再次进入,负实际利率的时代
g has to be less than r for this to make sense because if g--if it's growing faster than the rate of interest, then this infinite series will not converge and the value would be infinite.
必须小于r才行得通,因为如果g比利率涨的还快,那么这个无穷序列就不会收敛,价值就是无穷了
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