They wanted to understand this phenomenon that "here you have a class, that's larger than Introduction to Economics".
他们对这一奇特现象非常好奇,“竟然有比经济学导论更热门的课程。
Well...inequalities are growing in India and the poor of course benefit when there is high growth becasue their incomes rise but inequalities also rise.
嗯,印度的不平等现象还在加剧,当经济高速增长时,穷人也能受益,因为他们的收入增长了,但同时分配不公的现象也增多了。
When that happened it would destroy the economy.
当这种现象发生时,将会摧毁经济。
Now, I've talked to you essentially about the economic aspect of this phenomenon and I'd like to turn next-- give me a second here I just want to find out where I am in this.
至此我已经基本上给大家,讲完了这一现象的经济意义,接下来,让我想想,我们该讲什么了
In '98, I forget which way, but one of the share classes 20% was at a 20% discount to the other and that persisted for several years, so you have economically identical things trading at different prices.
在98年,我不记得是为什么,一支这种类型的股票,比另一只股票便宜,而且这种现象持续了好几年的时间,因此你拥有经济意义上完全相同,但是却以不同价格进行交易的东西。
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