Then next lecture--I want to come back to some basic themes that--the third lecture-- about technology and it relates to another book that I wrote.
再后面的一讲...就是第三课...,将会回到基础的主题中,会讲到金融技术,这涉及到,另外一本鄙人的拙著
Now, I'd like to stress information technology because we are living in a time of rapid advance, as you know--I don't have to tell you this.
我想强调一下信息技术,因为我们身处一个飞速发展的时代,这你们都知道,我没必要再说一遍。
I'm not going to stress public finance so much in this course but it seems-- I'm going to give the example of nineteenth century information technology and the nineteenth century invention of social security.
在这课上我不想过多强调,财政的重要性-,我将给大家举个例子,关于19世纪的信息技术,和19世纪社会保障的创新。
A theme of that book was that-- I've already said this to you, but it's a very important point-- financial technology is evolving and improving just the way engineering technology or biochemical technology is improving.
这本书的其中一个主题是...,尽管已经提过,但这非常重要,我想强调一下...,就是金融技术的演进过程,与工程技术或生物技术,的演进过程并无二致
The options are a very useful technology for managing risks and I think that we'll see a rapid--Over the next few decades, we'll see rapid expansion in the scope of options contracts traded on the exchanges.
期权是管理风险的,一个非常有用的技术,我认为在往后的几十年,交易市场上,我们将会看到期权合同的迅速发展
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