The concept of hoarding may be regarded as a first approximation to the concept of liquidity-preference. Indeed if we were to substitute 'propensity to hoard' for 'hoarding', it would come to substantially the same thing.

囤积的概念可以被视为流动性偏好概念的第一个近似值。事实上，如果我们用“囤积倾向”代替“囤积”，结果会大体相同。