I found out he was living in London--Lord Hicks; I guess he got knighted for his contribution.

我发现希克斯爵士真的还住在伦敦,他因对经济学的贡献而授勋

耶鲁公开课 - 金融市场课程节选

That's Hicks's insight and it comes back then to Hicks's book, Value and Capital, in 1939.

以上就是希克斯的观点,他于1939年将其写入《资产价值》中

耶鲁公开课 - 金融市场课程节选

My graduate student came back and said, it seems to have been Sir John Hicks in London in his 1931--1939 book, A Value in Capital.

我的助研说,约翰·理查德·希克斯勋爵,1904-1989,英国经济学家1972年与肯尼斯·阿罗一同获得诺贝尔经济学奖,在1939年所写的《资产价值》

耶鲁公开课 - 金融市场课程节选

So, what we want to do-- this is what Hicks discovered I can do the following transaction to lock in, in 1925, the interest rate between 1926 and 1927.

这就是希克斯所发现的,我可以在1925年进行以下交易,从而确定1926年到1927年的利率

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He calls the forward rate equal to 2/.

希克斯认为远期利率为^2/

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What Hicks said--this is the coffee hour conversation at The London School of Economics he said, it's right now 1925 but if you want to invest or borrow in 1926 I can do it for you.

希克斯在伦敦政经学院的那次,咖啡时间中谈到,现在是1925年,但如果你想在1926年投资或贷款,我可以帮你实现

耶鲁公开课 - 金融市场课程节选

This is Hicks's discovery.

这就是希克斯的发现

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What Hicks said is that in these term structures, actually, I've just showed the one-period, he had one-period forward rate-- but you could do it over any combination and you can get forward rates of any maturity at any future date.

希克斯指出利率期限结构中,我刚才给你们演示了,希克斯是如何推导一年期远期利率的,但是你们通过其他组合重新推导,还算出未来任意时刻,期限的远期利率

耶鲁公开课 - 金融市场课程节选

but I think it's motivational, and so I said, are you sure that J.R. Hicks invented the term "forward rate"?

但我觉得这很有趣,我问他,你能肯定,J·R·希克斯是"远期利率"的提出者吗

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Then, I was talking it over with another graduate student and he said, well if you want to find out why don't you ask J.R. Hicks?

随后,我和另一位研究生讨到了此问题,他说,如果你想知道,干嘛不直接去问J·R·希克斯

耶鲁公开课 - 金融市场课程节选

And he said, I think it's J.R. Hicks.

他说,应该就是J·R·希克斯

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