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To find the market system wanting because it does not bring joy as well as growth is to place too heavy a burden on it. Capitalism can make you well off. And it also leaves you free to be as unhappy as you choose. To ask any more of it would be asking too much.

* Happiness and economics
But Lord Layard argues that we cannot help minding other people's business, as well as our own. Doing well is not enough: we also want to do better than our peers. This status anxiety runs deep in our nature, he says. Velvet monkeys at the top of their social tree enjoy more mates and bananas as a result, but they also exult in their position for its own sake. As with monkeys, so with mandarins. Top British civil servants tend to live longer than their underlings, regardless of other differences in lifestyle, according to the 'Whitehall Ⅱ“ studies which have been monitoring thousands of Humphreys and Bernards since the 1980s.
. . . As Fred Hirsch argued in his 1977 book, The Social Limits to Growth, many good things in life are 'positional'. You can enjoy them only if others don't. Sometimes, a quick car, fine suit or attractive house is not enough. One must have the fastest car, finest suit or priciest house.
Think of the scramble for schools, Mr Frank says. Only 10% of kids can go to the top 10% of schools. In many countries, wherever the schools are good, the houses will be expensive. Thus parents who want the best education for their child must overwork to afford a house in a good school district. In doing so, however, they raise the bar for everyone else.
Is mutual disarmament possible? Not without government help, Mr Frank and Lord Layard argue. The exchequer should tax earned income heavily enough to deter one-upmanship, they say.

A. 어휘
to find the market system wanting 시장경제제도는 부족한 점이 있다고 생각하는 것. burden 부담. well off 살기 좋은. cannot help minding 신경을 쓰지 않을 수 없다.
status 지위. our nature 우리의 본성. as a result 그 결과. exult in 기뻐하다.
for its own sake 그 자체로서. mandarin 관리. civil servant 공무원.
underling 부하직원. Whitehall 영국정부, London의 중앙부에 있는 거리이름[관청가].
Humphreys and Bernards 평범한 일반 사람들[본문에서는 하급공무원들].
scramble 쟁탈, 서로 다투어 빼앗기. school district 學區(학구). bar 장벽, 차단물.
mutual 상호. disarmament 무장해제, 군비축소. exchequer 재무부장관.
one-upmanship 상대보다 한 발 앞서는 것.

B. 구문
- it also leaves you . . . asking too much.
[시장경제체제는 또한 당신이 선택하는 하는 것만큼 당신이 불행하도록 당신에게 자유를 준다(당신에게 불행할 수 있는 자유도 부여한다). 시장경제체제에 대해 더 이상을 요구하는 것은 너무 많은 것을 요구하는 것이다.