which later became a public company.

该公司后来上市了
Jim is going to be part of this course from time to time

吉姆今后会时常参与我们的课程
and I thought maybe, to bring the discussion down from the clouds here,

为了弄清我们讨论的课题
I would ask Jim: is the ghost of Adam Smith alive

我想问吉姆斯密的理论还是否存在
in the boardroom in corporate America?

于美国企业的会议室中
Well, the self-image of Adam Smith is alive.

亚当·斯密的理论依旧存在
The ideology that would be espoused is that of Adam Smith.

他的理论也受人推崇
The substance is not there, I believe,

不过我认为实质上它已不存在了
but most of the people would pass the polygraph test

但相信他的人就算用测谎也没用
that they believe it's there.

他们还会相信这个理论还存在
Okay, that's good.

很好
Now let's--here's an interesting exercise.

这有个有趣的例子