动物精神

凯恩斯所称的“动物精神”（animalspirits）是造成宏观经济波动的根本力量。

What Keynes called " animal spirits " are fundamental forces driving macroeconomic fluctuations .

“动物精神”（animalspirits）重现市场，这真令人宽慰。

What a relief to have " animal spirits " back for a visit .

目前的做法是通过“增加因数”，引入约翰梅纳德凯恩斯（johnmaynardkeynes）所说的“动物精神”（animalspirits）概念。

Current practice is to introduce notions of " animal spirits " , as John Maynard Keynes put it , through " add factors " .

如果说动物精神能够左右市场，房地产市场中的动物精神就像是横冲直撞、护雏心切的加拿大雁（Canadagoose）。

If animal spirits move markets , the animal spirit in the property market is like a maternal Canada goose on the rampage to protect her young .

不过，一些自诩为这位英国经济学家追随者的人目前发起了一项行动，淡化他对于有效需求的分析，而支持所谓的动物精神（AnimalSpirits）。

Yet there is now a campaign by some who regard themselves as his followers to play down the British economist 's analysis of effective demand in favour of something they call animal spirits .

市场走势是建立在凯恩斯（keynes）所谓“动物精神”的著名论断之上的，如果那些精神有所改善，对市场的影响当然是积极的。

Markets move on what Keynes famously called " animal spirits " , and if those spirits are improving , the implications for markets are of course positive .

她是造物主，通过唤醒中产阶级的动物精神而拯救了英国：她是跻身世界史的人物，帮助罗纳德里根（ronaldreagan）赢得了冷战，因为他们双方都相信能够赢得这场战争。

She was a demiurge , who saved the UK by reviving the animal spirits of the middle classes : a world-historical figure , who helped Ronald Reagan to win the cold war , because they both believed that it could be won .

除非动物精神复活，经济是不会复苏。

Until animal spirits revive , the economy will not recover .

“动物精神”的迹象远不止表现在不断攀升的股价上。

Signs of animal spirits go far beyond rising share prices .

需要什么才能激起他们的动物精神呢？

What will it take to stoke their animal spirits ?

风险厌恶情绪已经减弱，‘动物精神’有所抬头，他表示。

Risk aversion has fallen and animal spirits have increased , he said .

上周，“动物精神”重返达沃斯。

The animal spirits returned to Davos this week .

但对于“动物精神”的强调并非其中之一。

But the emphasis on " animal spirits " is not one of them .

这些年轻人充满动物精神。

These youths are full of animal spirits .

如今，我们有可能对动物精神的心理学支柱有一个更为清晰的认识。

Much more clarity about the psychological underpinnings of animal spirits is possible today .

是因为新手机、现金，抑或只是动物精神？

Is it the new phone , the cash – or just animal spirits ?

这“只能被理解为是动物精神使然”。

This " can only be taken as a result of animal spirits " .

在美洲土著人传统的熊是世界上最强大的动物精神。

In Native American tradition the Bear is one of the most powerful animal spirits .

要想让这种动物精神回归，企业必须在自身以及彼此身上投资。

For that to occur companies must invest in themselves as well as each other .

没有什么东西能像看着经济蛋糕不断变大那样，呈现出人类的动物精神。

Nothing brings out the animal spirits in humans like watching the economic pie expanding .

但人们最终会厌倦扮可怜，动物精神将回归。

There comes a time when people tire of being miserable , and animal spirits return .

这一错误的经济理论没有考虑到动物精神是如何影响经济行为的。

That wrong economic theory fails to take account of how the animal spirits affect economic behaviour .

作为“吹泡泡”的动力来源，“动物精神①”也将在最后烟消云散。

Animal spirits , forever the fuel in a bubble , are the last thing to dissipate .

通胀把动物精神关进笼子，抑制了银行的放贷、以及企业或个人的举债和投资。

Deflation has caged animal spirits , dissuading banks from lending and companies or individuals from borrowing and investing .

但跟着，动物精神也会转向另一个方向，然后人们就会过于谨慎。

But then the animal spirits also veer in the other direction , and then people are too wary .

就推动复苏而言，这从根本上来说是更为重要得多的因素，它关系到动物精神的运用。

That is ultimately a much more important application of animal spirits when it comes to driving a recovery .

如果你想乐观一点，你可以将此视为动物精神值得欢迎的回归。

If you want to be optimistic , you might see this as a welcome return of animal spirits .

上海股市回落可能会抑制推动全球股市上涨的动物精神。

A retreat from Shanghai 's highs would probably inhibit the animal spirits behind the rally in global equities .

美联储正运用三种工具，利用有益的财富效应和被激发出来的动物精神，来促进经济增长。

The Fed is resorting to three tools to bring forward growth via beneficial wealth effects and invigorated animal spirits .

随着人们对经济的担忧重现，动物精神本应代行央行的职责，压低国债收益率。

With economic worries returning , animal spirits should have done the Bank 's job for it , and pushed yields down .