That might lead to a different kind of dystopia (also with historical antecedents): one in which fast, functional transport is available only to those who can pay. 这可能会去往一个不同的非理想之地(也有历史先例):在那里,快
Finance and economics 财经 Markets: Boo! 市场:哈! After a long period of calm, investors get a shock. 一阵平静过后,投资者们受一重击。 Every good horror-film director knows the secret of the jump scare. 每位优秀的恐怖片
What explains the sudden turmoil? 何以解释这场突如其来的动荡呢? Perhaps investors had been used to good news for so long that they had become complacent. 也许,投资者已经习惯于好消息太久了,以致他们已经变得有些
Finance and Economics 财经 Free exchange 自由交流 Negative justice 负公平 Sub-zero interest rates are neither unfair nor unnatural. 负利率既非不公平也非不自然。 Denmark's Maritime Museum in Elsinore includes one particularly un
(A sailor who had already depleted his supplies, leaving him with no additional hardtack of his own to eat today, would be in no position to repay borrowed biscuits either.) (早已耗尽了自身供给,让自己今天没有额外的干粮吃的船员
In Japan, too, borrowers are scarce. 在日本,借钱的人也是几乎没有。 Private non-financial companies, which ought to play the role, have instead been lending to the rest of the economy, acquiring more financial claims each quarter than
The president of the European Commission, Jean-Claude Juncker, likes to compare the euro zone to a house in need of repair. 欧洲委员会主席让-克洛德容克喜欢将欧元区比作一幢需要修补的房子。 Fix the roof, he counsels, whil
The Franco-German compromise gives the nod to various proposals from the European Commission. 法德做出妥协,认可欧洲委员会的各种提议。 The first involves reforms to the euro zone's sovereign bailout fund, the European Stability Me
Though Mr. Macron envisions a budget in the region of several percent of GDP, Mrs. Merkel is known to want something much stingier. 虽然,马克龙的设想预算在几个GDP百分比左右,但是默克尔想要的预算范围更窄。 Neverthel
Economists think prices, like spilt ketchup, are sticky. They move only slowly as firms digest economic conditions. 经济学家认为价格就像溢出的番茄酱一样黏糊糊的。它们只会在公司消化经济状况时缓慢变动。 Financi
As America presses North Korea to abandon nuclear weapons, it has pointed to Vietnam as an example of the prosperity that awaits the isolated state. 美国施压朝鲜要求其放弃核武器,美国举例越南,指出越南的繁荣就是朝鲜的将
Nevertheless North Korea is different from Vietnam in three ways that could hurt. 不过朝鲜和越南存在三方面的不同点,这或许对朝鲜而言是个打击。 In Vietnam's south, its economic heartland, collectivisation of farms and fac
In Gesell's story, unlike Fisher's, storing wealth requires considerable effort and ingenuity. 在格塞尔的故事中,不同于费雪的是,储存财富需要巨大的努力和心灵手巧。 Meat must be cured. 肉必须加以处理。 Wheat m
Workers and labour activists have often attacked strict discipline as coercive, unfair and potentially counterproductive. 工人和劳工活动人士一直以来都在批判纪律苛刻,认为这是强迫性、不公平且可能会适得其反的东西
Finance and Economics 财经 Free exchange: Jam tomorrow 自由交流:堵在明天 Driverless cars will not save cities from either traffic or infrastructure expense. 无人车不会将城市从滚滚的车流和基础设施耗费钱财中拯救出来
Though studies show that telling people that payment encourages organ donations increases support for legalising payments, other examples work in the opposite way. 尽管研究表明,告诉人们付款鼓励器官捐赠增加了对合法化支付的支
At the AEA conference Alvin Roth, a Nobel prizewinner, delivered a lecture on his life-saving work in the field of market design. 在AEA会议上,诺贝尔奖得主艾尔文罗斯就他在市场设计领域中拯救生命的工作发表了演讲。
This approach is enormously valuable. 这种方式非常有价值。 It disciplines thinking, produces useful information and makes it easier to build professional consensus about what is known and which questions remain unanswered. 它训练了思维,
Finance and Economics 财经 Free exchange: Moral hazard 自由交流:道德风险 Economists cannot avoid making value judgments, however much they might wish to. 经济学家无法避免作出价值判断, 不管他们可能多想避免。 AMID t
Heaps of data about their activities within a work-space are gathered, while their cognitive contribution is reduced. 设备可以收集众多员工在工作场所的活动数据,但员工的认知贡献也会减少。 In both ways, such technologi
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