and why it takes the form it does is our topic today.

以及股份制的必要性问题
Let's begin with Adam Smith.

从亚当·斯密讲起
I wanna just talk for a while anyway

先等一下
Would somebody--would one of you guys go up there and get

你们有谁能上来
that on slide one slideshow

给我放一下幻灯片吗
and I'll rejoin it when we get there?

帮我调到第一张幻灯片
Adam Smith, in talking about the invisible hand,

亚当·斯密除了谈到了无形之手
is also at length to say

还详细地介绍了
that the productive use of the division of labor

劳动分工的具体应用
kicks in only when you get big markets,

只有投入巨大的市场才有效果
only where market scale justifies

也只有庞大的市场规模
an elaborate division of labor and a large investment of capital,

才能驾驭复杂的分工以及巨额投资