在上一講中我們提到英國經(jīng)濟學家凱恩斯的經(jīng)濟理論曾在經(jīng)濟學領域掀起了一場革命。他認為經(jīng)濟衰退是由對商品和服務的有效需求不足而引起的，政府可以對此采取措施，影響經(jīng)濟的發(fā)展。二次大戰(zhàn)后各國政府紛紛接受這一理論，承擔起對經(jīng)濟運作的責任。
今天我們要介紹一下經(jīng)濟學界對凱恩斯經(jīng)濟理論的不同看法。甚至在凱恩斯理論的鼎盛時期，也一直存在著對這一理論的爭執(zhí)。一九七六年獲得諾貝爾經(jīng)濟學獎的美國教授弗里德曼就是持有不同看法的學者之一。
在聽弗里德曼教授講述他的觀點之前，我們先來學幾個他要在談話中使用的英文詞匯：
1 Keynesian orthodoxy 凱恩斯傳統(tǒng)理論
2 monetary policy 貨幣政策，指一國中央銀行對貨幣和信貸的調(diào)節(jié)管理政策。
3 easy money 低息貸款，銀根松動
4 misinterpretation 曲解
5 Federal Reserve system 聯(lián)邦儲備系統(tǒng)
下面我們聽一下弗里德曼教授對凱恩斯理論的不同看法：
In the first place the reason Keynesian orthodoxy came into so much favour was because of a widespread misinterpretation of the Great Depression. And it was widely interpreted as showing that monetary policy couldn't work. It was interpreted that way because of course all of the central bankers kept saying that they were engaged in very easy money and that the economy was declining in spite of them， their actions， and not because of their actions.
首先，凱恩斯理論之所以這樣受寵，是因為廣泛流傳的對大蕭條的錯誤解釋。大蕭條被普遍認為表明了貨幣政策的無效，因為所有中央銀行官員都堅持說銀根已經(jīng)放得很松。盡管他們采取了行動，經(jīng)濟仍然衰退，而衰退并不是由于他們的行動造成的。
But we found that the situation was very different. Though in our opinion the Great Depression was not a sign of the failure of monetary policy as it was so interpreted， it was not a result of a failure of the market system as was widely interpreted， it was rather a consequence of a very serious government failure， a failure in the monetary authorities to do what they'd initially been set up to do.
但是我們發(fā)現(xiàn)的情況卻非常不同。盡管我們認為大蕭條并非如同它被解釋的那樣是貨幣政策失敗的標志，它也不像人們普遍認為的那樣是市場機制失敗的結(jié)果。確切地說它是政府嚴重失敗的后果，是貨幣管理*執(zhí)行當初建立它們這些機構時所賦予它們的職責的失敗。
下面我們再完整聽一遍弗里德曼的這段談話。（略）
弗里德曼教授接下來進一步談了凱恩斯理論的影響和他自己對這一理論的不同看法。他使用了這樣一些詞匯：
1 the effect 作用，影響
2 intellectual community 知識界，學術界
3 cut tax 減稅
4 government deficit 政府赤字
the House of Commons 議會下院
今天我們要介紹一下經(jīng)濟學界對凱恩斯經(jīng)濟理論的不同看法。甚至在凱恩斯理論的鼎盛時期，也一直存在著對這一理論的爭執(zhí)。一九七六年獲得諾貝爾經(jīng)濟學獎的美國教授弗里德曼就是持有不同看法的學者之一。
在聽弗里德曼教授講述他的觀點之前，我們先來學幾個他要在談話中使用的英文詞匯：
1 Keynesian orthodoxy 凱恩斯傳統(tǒng)理論
2 monetary policy 貨幣政策，指一國中央銀行對貨幣和信貸的調(diào)節(jié)管理政策。
3 easy money 低息貸款，銀根松動
4 misinterpretation 曲解
5 Federal Reserve system 聯(lián)邦儲備系統(tǒng)
下面我們聽一下弗里德曼教授對凱恩斯理論的不同看法：
In the first place the reason Keynesian orthodoxy came into so much favour was because of a widespread misinterpretation of the Great Depression. And it was widely interpreted as showing that monetary policy couldn't work. It was interpreted that way because of course all of the central bankers kept saying that they were engaged in very easy money and that the economy was declining in spite of them， their actions， and not because of their actions.
首先，凱恩斯理論之所以這樣受寵，是因為廣泛流傳的對大蕭條的錯誤解釋。大蕭條被普遍認為表明了貨幣政策的無效，因為所有中央銀行官員都堅持說銀根已經(jīng)放得很松。盡管他們采取了行動，經(jīng)濟仍然衰退，而衰退并不是由于他們的行動造成的。
But we found that the situation was very different. Though in our opinion the Great Depression was not a sign of the failure of monetary policy as it was so interpreted， it was not a result of a failure of the market system as was widely interpreted， it was rather a consequence of a very serious government failure， a failure in the monetary authorities to do what they'd initially been set up to do.
但是我們發(fā)現(xiàn)的情況卻非常不同。盡管我們認為大蕭條并非如同它被解釋的那樣是貨幣政策失敗的標志，它也不像人們普遍認為的那樣是市場機制失敗的結(jié)果。確切地說它是政府嚴重失敗的后果，是貨幣管理*執(zhí)行當初建立它們這些機構時所賦予它們的職責的失敗。
下面我們再完整聽一遍弗里德曼的這段談話。（略）
弗里德曼教授接下來進一步談了凱恩斯理論的影響和他自己對這一理論的不同看法。他使用了這樣一些詞匯：
1 the effect 作用，影響
2 intellectual community 知識界，學術界
3 cut tax 減稅
4 government deficit 政府赤字
the House of Commons 議會下院