英语翻译From a secondperspective,the fundamental change has been

英语翻译
From a second
perspective,the fundamental change has been the recognition of the decisive
role of individually motivated agents,both those within the corporation and those
with whom the corporation must deal.The corporation of financial theory in the
early 1970s ignored individual agents within the corporation either by assuming
that they acted as well-trained robots (as in the investment decision) or by
paralyzing them with the ceteris paribus assumptions that underlie the
classical capital structure propositions.Similarly,it rendered the
individuals with whom the corporation must deal—investors,bankers,
underwriters,bidders,customers,employees,and others—essentially uninteresting,
by treating them as price takers who suffered from no informational
disadvantage and had no relevant aims beyond expanding their budget sets.In
economic analysis,agents are described by their tastes and their
opportunities,and the new theories that have been developed have relied on a
more careful (or perhaps more imaginative!) description of both tastes and
opportunities.Important features of the opportunity set that have been newly
recognized include the informational endowments of agents,their discretionary powers,
and the nature of the implicit and explicit contracts that link their actions
to their rewards.Newly recognized aspects of tastes include perquisite
consumption,control benefits and other non-pecuniary benefits,reputation,and
effort aversion.
不要拿翻译器翻译，

从第二看,根本改变了决定性的识别个人动机的代理的作用,这两个公司内的那些他们必须处理.在金融理论的公司上世纪70年代早期忽视个体内的公司可以通过假设他们是训练有素的机器人（如投资决策）或使他们与在其他条件...