And so we were in business, but we have the classic Marxian profit realization crisis, the profit wasn't in liquid currency, our profit was in 50 computers sitting in the corner.

我们就这样做起了生意，不过却碰到了马克思主义利润实现危机，我们利润不是本，而是堆在角落50台电脑。

And it's the difference between markets that are frozen up, and liquid flows of capital into new opportunities for investment.

这就是冻结市和入新投机会本之间区别。

Some observers see merely a surge in innovative firms meeting demand from fluid capital markets.

一些观察家认为，创新公司激增只是为了满足本市求。

Older men, men of long standing in the town, men of far greater wealth — realised and turned into land, while his was all floating capital, engaged in his trade — looked to him for prompt, ready wisdom.

年长，在城里久负盛名，富有得多——变现并变成土地，而他全部是本，从事他贸易——向他寻求迅速、现成智慧。

This feedback loop has been helped by trillions of dollars worth of liquid capital that has accumulated around the world leading to stretched valuations from investors who don't want to be left out of the party.

这个反馈循环得到了全球积累数万亿美元本帮助，导致投者不愿错过这盛宴，从而出现了估值过高情况。

But though the whole expense of maintaining the fixed capital is thus necessarily excluded from the neat revenue of the society, it is not the same case with that of maintaining the circulating capital.

但是，虽然维持固定本全部费用因此必然被排除在社会纯收入之外，但这与维持本情况不同。

In this case an excess of saving over investment would be the same thing as an undesigned increment in the stock of unsold goods, i.e. as an increase of liquid capital.

在这种情况下，储蓄超过投与未售出商品库存意外增加是一回事，即本增加。

The fluid capital of the South, money and credit, was in the same prostrate condition as the material capital.

——南方本， 货币和信贷，与物质本处于同样倒伏状态。

But though the circulating capital of every individual makes a part of that of the society to which he belongs, it is not upon that account totally excluded from making a part likewise of their neat revenue.

但是，虽然每个本构成他所属社会本一部分，但并不因此而完全排除在他们净收入中同样构成一部分。

It is an advantage of the concepts of user cost and supplementary cost that they are as applicable to working and liquid capital as to fixed capital.

使用成本和补充成本概念一个优点是，它们既适用于固定本，也适用于营运本和本。

The circulating capital of a society is in this respect different from that of an individual. That of an individual is totally excluded from making any part of his neat revenue, which must consist altogether in his profits.

社会本在这方面不同于个本。个收入完全被排除在他纯收入任何部分之外，而纯收入必须完全包含在他利润中。

It was movements of this kind which I discussed in my Treatise on Money in connection with the building up or the depletion of stocks of working and liquid capital consequent on change.

我在《货币论》中讨论正是这种运，它与变化引起本和本存量建立或消耗有关。

The capital of a merchant, for example, is altogether a circulating capital.

例如，商本完全是本。

Mr Hawtrey, for example, who attaches great importance to changes in liquid capital, i.e. to undesigned increments (or decrements) in the stock of unsold goods, has suggested a possible definition of investment from which such changes are excluded.

例如，Hawtrey 先生非常重视本变化，即未售出商品存量意外增加（或减少），他提出了一个可能投定义，将此类变化排除在外。

Part of his circulating capital is employed in purchasing materials, and replaces, with their profits, the capitals of the farmers and miners of whom he purchases them.

他本一部分用于购买材料，并用他们利润补偿他购买材料农民和矿工本。

The maintenance of those three parts of the circulating capital, therefore, withdraws no portion of the annual produce from the neat revenue of the society, besides what is necessary for maintaining the fixed capital.

因此，维持这三部分本，除了维持固定本所必部分外，不会从社会纯收入中抽取任何年产品。

Money, therefore, is the only part of the circulating capital of a society, of which the maintenance can occasion any diminution in their neat revenue.

因此，货币是一个社会本唯一部分，维持它可能会导致其净收入任何减少。

The fixed capital, and that part of the circulating capital which consists in money, so far as they affect the revenue of the society, bear a very great resemblance to one another.

固定本和本中由货币构成那部分，就它们对社会收入影响而言，彼此之间有很大相似之处。