股本投資的高回報(2)

來自專欄 廢柴自救計劃

The rate of return on capital:資本回報率

Typically higher than :通常高於..

The growth rate of the economy :經濟體的增長率

As a consequence:因此

The stock of wealth:財富存量

Relative to GDP:相對於GDP

grow over time :隨時間而增長

Wealth is less evenly distributed than income:財富比收入是被較少地被分配的。

Evenly:均勻地、平坦地。

Push the economy towards ever higher levels of inequality:

將經濟體推向更高水平的不平等

Sum up:總結

contention：論點

Pithy expression:精鍊的表達式

Understate the case:對實際情況有所低谷

According to the newly gathered figures:根據新收集的數據

In most times and places:在大多數時期和大多數地區

Rates of return drop much below growth rates:回報率遠遠跌至增長率之下。

The great compression in incomes and wealth :收入和財富方面的大壓縮

Follow the world wars:世界大戰之後

As assets returns persistently outstrip the growth of the economy:

隨著資產回報持續地跑贏經濟增長

Has come undone:自行消失了

In such ways:以這種方式。

The painstaking collection of data:耗費精力的數據收集

Fundamentally:從根本上

Reshape understanding of the way economies work:重塑了有關經濟體運作方式的理解。

It is a shame that..:..是一種恥辱

Date-gathering:數據收集

Does not carry higher status within the profession:沒在這一行中佔據更高的地位

Raise the status of economics itself:提高經濟學本身