It's nice to be back at Princeton. I find it difficult to believe that it's been almost 11 years since I departed these halls for Washington. I wrote recently to inquire about the status of my leave from the university, and the letter I got back began, "Regrettably, Princeton receives many more qualified applicants for faculty positions than we can accommodate."

重返普林斯顿感觉不错，很难相信，我离开校园赴华盛顿已经11年了。近期我向校方询问了我的教职问题，回信称：“很遗憾，普林斯顿收到很多更有才华的学者的求职信，而教职有限。”

I'll extend my best wishes to the seniors later, but first I want to congratulate the parents and families here. As a parent myself, I know that putting your kid through college these days is no walk in the park. Some years ago I had a colleague who sent three kids through Princeton even though neither he nor his wife attended this university. He and his spouse were very proud of that accomplishment, as they should have been. But my colleague also used to say that, from a financial perspective, the experience was like buying a new Cadillac every year and then driving it off a cliff. I should say that he always added that he would do it all over again in a minute. So, well done, momsand dads.

我将在稍后献上对毕业生的最美好祝愿，首先我要恭喜在座的家长们。作为父母，我知道这年头供孩子读完大学不容易，数年前，我的一个同事有3个孩子毕业于普林斯顿，尽管他们夫妻都不毕业于此，但我的同事常说，从财政角度讲，这如同每年买辆卡迪拉克，然后让车坠崖。他总会补充说，他会毫不犹豫的选择重新来过。所以，感谢你们的工作，母亲们，父亲们，及家人们。

This is indeed an impressive and appropriate setting for a commencement. I am sure that, from this lectern, any number of distinguished spiritual leaders have ruminated on the lessons of the Ten Commandments. I don't have that kind of confidence, and, anyway, coveting your neighbor's ox or donkey is not the problem it used to be, so I thought I would use my few minutes today to make Ten Suggestions, or maybe just Ten Observations, about the world and your lives after Princeton. Please note, these points have nothing to do with interest rates. My qualification for making such suggestions, or observations, besides being kindly invited to speak today by President Tilghman, is the same as the reason that your obnoxious brother or sister got to go to bed later--I am older than you. All of what follows has been road-tested in real-life situations, but past performance is no guarantee of future results.

这确实是做毕业典礼演讲的合适场合，我认为，在这一讲台上，每个精神导师都受到过“十诫”的教诲，我没有那样的信心，而且无论无何，觊觎邻居的驴牛已不是目前的问题，所以今年前几分钟我将提出“十个建议”，或称为对这个世界和你们毕业后的生活的十个观察。请注意，这十点与利率毫无关系。我之所以有资格提出这些建议和或观察，除了普林斯顿的善意邀请外，理由和你们讨厌的哥哥姐姐可以晚睡是一个道理：我比你们更老。以下内容均经受过生活的考验，但以往表现并不能确保未来的结果。

1. A more contemporary philosopher, Forrest Gump, said something similar about life and boxes of chocolates and not knowing what you are going to get. Life is amazingly unpredictable; any 22-year-old who thinks he or she knows where they will be in 10 years, much less in 30, is simply lacking imagination. Look what happened to me: A dozen years ago I was minding my own business teaching Economics 101 in Alexander Hall and thinking of good excuses for avoiding faculty meetings. Then I got a phone call... In case you are skeptical of Forrest Gump's insight, here's a concrete suggestion for each of the graduating seniors. Take a few minutes the first chance you get and talk to an alum participating in their 25th, or 30th, or 40th reunion--you know, somebody who was near the front of the P-rade. Ask them, back when they were graduating 25, 30, or 40 years ago, where they expected to be today. If you can get them to open up, they will tell you that today they are happy and satisfied in various measures, or not, and their personal stories will be filled with highs and lows and in-betweens. But, I am willing to bet, those life stories will in almost all cases be quite different, in large and small ways, from what they expected when they started out those many years ago. This is a good thing, not a bad thing; who wants to know the end of a story that's only in its early chapters? Don't be afraid to let the drama play out.

1、阿甘曾讲到人生和巧克力的相似性，你不知道下一块巧克力的味道。人生确实难以预料，任何一个认为知道其10年后情况的毕业生，更不同说三十年了，我只能说他或她缺乏想象力。看看我吧，12年前我一心教经济学入门课程，想着编造什么理由不参加教学会议，结果我接到了那个电话。有过你有机会与毕业25年、30年或40年的校友交谈，并使他们敞开心扉，他们将告诉你，他们对生活中哪些事满意或不满意，他们经历过的高潮和低谷。但我敢打赌，他们的人生故事将与预期相异。这是好事而不是坏事，谁想在故事的开篇就知道结局呢？让人生顺其自然。

2. Does the fact that our lives are so influenced by chance and seemingly small decisions and actions mean that there is no point to planning, to striving? Not at all. Whatever life may have in store for you, each of you has a grand, lifelong project, and that is the development of yourself as a human being. Your family and friends and your time at Princeton have given you a good start. What will you do with it? Will you keep learning and thinking hard and critically about the most important questions? Will you become an emotionally stronger person, more generous, more loving, more ethical? Will you involve yourself actively and constructively in the world? Many things will happen in your lives, pleasant and not so pleasant.If you are not happy with yourself, even the loftiest achievements won't bring you much satisfaction.

2、 是否人生偶然性之大的事实，意味着小的决定和行动无足轻重，不需要规划和奋斗呢？当然不是。无论未来人生如何，她将是一个宏大和漫长的项目，是你作为个人 的发展过程。你的家人、朋友和你在普林斯顿的时光已经为你造就了良好的开端，未来你会如何？你会不断学习、竭力思索、对至关重要的问题持批判态度吗？你会 成为情感上更强大、更大度、更有爱心、更道德的人吗？你会更积极的、更建设性的参与世事吗？你的人生会有很多故事，快乐的，及不太快乐的，如果你不为自己 感到快乐，就连最伟大的成就业也不会让你感到满足。

3. The concept of success leads me to consider so-called meritocracies and their implications. A meritocracy is a system in which the people who are the luckiest in their health and genetic endowment; luckiest in terms of family support, encouragement, and, probably, income; luckiest in their educational and career opportunities; and luckiest in so many other ways difficult to enumerate--these are the folks who reap the largest rewards. The only way for even a putative meritocracy to hope to pass ethical muster, to be considered fair, is if those who are the luckiest in all of those respects also have the greatest responsibility to work hard, to contribute to the betterment of the world, and to share their luck with others.

3、 成功的概念促使我考虑所谓的精英主义及其含义。精英是在健康和基因上最幸运的人，他们在家庭支持、鼓励上，或在收入上也是最幸运的，他们在教育和职业机遇 上最幸运，他们在很多方面都最幸运，一般人难以复制。一个精英体制是否公平，要看这些精英是否有义务努力工作、致力于建设更好的世界，并与他人分享幸运。