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This is the distillation of many thousands of man-years of human effort.

这是要用好几千个工作年计算的人类劳动的结晶。

That is to say, effective demand, instead of having a unique equilibrium value, is an infinite range of values all equally admissible; and the amount of employment is indeterminate except in so far as the marginal disutility of labour sets an upper limit.

这就是说,有效需求不是只有一个唯一的均衡值,而是有一个无穷的,等可接受性的数值序列,因而,除了劳动的边际负效应所设定的一个上限之外,就业量的大小是不确定的。

If this is not true, then there is no longer any reason to expect a tendency towards equality between the real wage and the marginal disutility of labour.

如果情况并非如此,那就没有任何理由指望实际工资会趋向于等同劳动的边际负效用。

If this is true, the wage-goods equivalent of the existing money-wage is not an accurate indication of the marginal disutility of labour, and the second postulate does not hold good.

如果确实如此,等值于现行货币工资的工资品就不能准确地表示劳动的边际负效用,于是第二个假定也就无法成立。

The insufficiency of effective demand will inhibit the process of production in spite of the, fact that the marginal product of labour still exceeds in value the marginal disutility of employment.

尽管事实上劳动的边际产品在价值上仍会大于就业的边际负效用,有效需求不足往往会阻碍生产的进行。

This level cannot be greater than full employment, i.e. the real wage cannot be less than the marginal disutility of labour.

这个均衡就业水平不能大于充分就业水平,即实际工资不能小于劳动的边际负效用。

Is, therefore subject to the condition that N cannot exceed the value which reduces the real wage to equality with, the marginal disutility of labour.

因此, (5)要遵循的限制条件为:N 不能超过使实际工资减少到等于劳动边际负效用的取值。

Thus the volume of employment is not determined by the marginal disutility of labour measured in terms of real wages, except in so far as the supply of labour available at a given real wage sets a maximum level to employment.

而在实际工资既定时,所可能提供的劳动供给量仅仅决定就业量的最高水平,消费倾向和新投资量二者才决定就业量,就业量又唯一地决定于既定的实际工资水平——而不是颠倒过来。

The postulate that there is a tendency for the real wage to come to equality with the marginal disutility of labour clearly presumes that labour itself is in a position to decide the real wage for which it works, though not the quantity of employment forthcoming at this wage.

实际工资趋向等值于劳动的边际负效用这一假定显然暗含着这样的推论:劳动者自己能够决定他愿意为之工作的实际工资,尽管他不能决定在这一工资水平下的就业量。

This is determined by China's position in the international division of labor.

这是由我国在国际劳动分工中的地位决定的。

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