Nor are those theories more successful which attempt to make the rate of interest depend on 'the marginal efficiency of capital'.

那些试图使利率取决于“资本的边际效率”的理论也不是更成功。

Secondly, there is the question whether the marginal efficiency of capital is some absolute quantity or a ratio.

其次，资本的边际效率是某个绝对量还是某个比率的问题。

There are not two separate factors affecting the rate of investment, namely, the schedule of the marginal efficiency of capital and the state of confidence.

影响投资率的因素并不是两个独立的因素，即资本边际效率曲线和信心状态。

In so far as such developments are foreseen as probable, or even as possible, the marginal efficiency of capital produced to-day is appropriately diminished.

只要预见到这种发展是可能的， 甚至是可能的， 今天生产的资本的边际效率就会适当降低。

Most discussions of the marginal efficiency of capital seem to pay no attention to any member of the series except Q1.

大多数关于资本边际效率的讨论似乎都没有关注除 Q1 之外的序列中的任何成员。

For it will diminish the marginal efficiency of capital and will lead to the postponement both of investment and of consumption.

因为它会降低资本的边际效率，并会导致投资和消费的延迟。

We shall call this the investment demand-schedule; or, alternatively, the schedule of the marginal efficiency of capital.

我们称其为投资需求表；或者，或者，资本的边际效率表。

In particular it has not been made clear that its relevance to economic problems comes in through its important influence on the schedule of the marginal efficiency of capital.

特别是，它与经济问题的相关性是通过它对资本边际效率表的重要影响而体现出来​​的，这一点尤其不明确。

In particular we shall find that fluctuations in the propensity to consume, in the state of liquidity-preference, and in the marginal efficiency of capital have all played a part.

特别是我们会发现消费倾向、流动性偏好状态和资本边际效率的波动都发挥了作用。

If the rate of interest were to rise pari passu with the marginal efficiency of capital, there would be no stimulating effect from the expectation of rising prices.

如果利率与资本的边际效率同等上升，那么物价上涨的预期就不会产生刺激作用。

They are the twin results of the system's determinants, namely, the propensity to consume, the schedule of the marginal efficiency of capital and the rate of interest.

它们是系统决定因素的双重结果， 即消费倾向、资本边际效率表和利率。

This is closely analogous to what we have already discussed at some length in connection with the marginal efficiency of capital.

这与我们已经详细讨论过的有关资本边际效率的内容非常相似。

Liquidity-preference, except those manifestations of it which are associated with increasing trade and speculation, does not increase until after the collapse in the marginal efficiency of capital.

流动性偏好，除了那些与贸易和投机增加相关的表现形式，在资本边际效率崩溃之前不会增加。

If, on the contrary, the effect is to produce an expectation of a further fall, the reaction on the marginal efficiency of capital may offset the decline in the rate of interest.

如果相反，效果是产生进一步下降的预期，对资本边际效率的反应可能会抵消利率的下降。

Thus it is to our best advantage to reduce the rate of interest to that point relatively to the schedule of the marginal efficiency of capital at which there is full employment.

因此，将利率降低到相对于充分就业的资本边际效率表的那个点对我们最有利。

But, for the moment, the collapse in the marginal efficiency of capital may be so complete that no practicable reduction in the rate of interest will be enough.

但是，就目前而言，资本边际效率的崩溃可能如此彻底，以致于实际降低利率都不够。

If current costs of production are thought to be higher than they will be later on, that will be a further reason for a fall in the marginal efficiency of capital.

如果当前的生产成本被认为高于以后的成本， 那将是资本边际效率下降的进一步原因。

As a result of confusing the marginal efficiency of capital with the rate of interest, Professor von Mises and his disciples have got their conclusions exactly the wrong way round.

由于混淆了资本的边际效率和利率，冯·米塞斯教授和他的弟子们得出了完全错误的结论。

Thus the fact that a collapse in the marginal efficiency of capital tends to be associated with a rise in the rate of interest may seriously aggravate the decline in investment.

因此，资本边际效率的崩溃往往与利率上升有关，这一事实可能会严重加剧投资的下降。

Thus Professor Fisher uses his 'rate of return over cost in the same sense and for precisely the same purpose as I employ 'the marginal efficiency of capital'.

因此，费舍尔教授使用他的“成本回报率” 与我使用“资本边际效率” 的意义和目的完全相同。