46-3-198
This, as the author notes, an intriguing implication. Throughout the book, Mr Friedman gives due emphasis to the role of economic externalities, such as pollution. He also emphasises that economic policy needs to take account of these if growth is to provide the maximum social and economic benefit.
But if he is right about the moral benefits of economic growth, then growth itself involves an externalitynot a negative one, like pollution, but a positive one. The material benefits of growth, chiefly in the form of extra goods and services, are priced in the marketthe social and political spin-off is not. Left to their own devices, market forces will therefore provide too little growth. Adam Smith does not have it all his own way. In principle, the analysis favours a range of pro-growth interventions.
The book brings together an absorbing and unusual mixture of material. It ranges over economic principlesempirical material to support those argumentsthe history of ideas (the notion that economic growth is morally tainted is far from new)historical accounts of growth and political change in America and Europeand discussion of ethics and economic development, with particular reference to equality and the environment.

A. 어휘
author 著者(저자). intriguing 흥미를 돋구는, 음모를 꾸미는.
implication 암시, 含蓄(함축). throughout 전 ...를 통해서(전치사). due 당연한.
emphasis 강조. economic externalities 경제외적인 것.
externality 외모, 외부에 나타남, 外觀(외관). take account of 고려하다.
maximum 최대. negative 부정적인. positive 긍정적인.
spin-off 부산물, 파생물, 파급.
have it all his own way 생각대로 해치우다, 제멋대로 행동하다[자유방임주의로 하다]. analysis 분석. pro-growth 親(친)-성장. a range of 어느 정도(범위)의.
intervention 干涉(간섭), 調整(조정). absorbing 열중케 하는, 興味津津(흥미진진)한.
cf. absorb 흡수하다, 倂合(병합)하다. mixture 혼합.
range over 돌아다니다, 입장을 취하다. empirical 경험[주의]적인, 실험에 근거를 둔.
the history of ideas 思想(사상)의 역사. taint 더러워지다, 오염되다.
far from=never. account 이야기, 報告(보고), 記事(기사).
ethics 윤리, 도덕, 윤리학. reference 參照(참조), 언급. with reference to ...에 관하여.

B. 구문
- Left→If they are left→Being left→Left

46-4-199
A concluding chapter looks at policies to promote growth in the United States. Much of what Mr Friedman has to say on this accords with mainstream thinking, but it no doubt bears repeating. He underlines the need to curb the fiscal deficit in order to encourage private capital formation, and discusses at length how to do this. He argues that limits on public spending and the reversal of some of the Bush administration's tax cuts will both be needed, together with changes to Social Security and Medicare. More controversially, he advocates competition among America's schools as a way to improve sagging educational standards.
These ideas for raising America's rate of growth, though mostly orthodox, are lent a strange new vitality by the rest of this unorthodox book. Rich as it is, America still needs to grownot for faster cars and iPods, but to 'find the energy, the wherewithal, and most importantly the human attitudes that together sustain an open, tolerant and democratic society.'

A. 어휘
concluding chapter 結論(결론)을 내리는 章(장). accord with 일치하다, 조화되다.
underline 강조하다. curb 억제하다. fiscal 재정상의, 國庫(국고)의. deficit 적자.
capital formation 자본형성. at length 상세하게. public spending 公共支出(공공지출).
reversal 취소, 破棄(파기), 逆轉(역전), 顚倒(전도). social security 사회보장.
medicare 국민의료보장. controversially 논쟁상의, 토론의 여지가 있는.
advocate 변호하다, 지지하다, 擁護(옹호)하다. competition 경쟁. sag 축 처지다.
orthodox 正統(정통)의, 공인의, 전통적인. lend-lent-lent 주다, 빌려주다.
are lent a strange new vitality 이상하고도 새로운 활력을 얻게된다.
vitality 활력, 생명력. wherewithal 수단, 자금. attitude 태도.
sustain 떠받치다, 격려하다. tolerant 관용하는, 관대한.

B. 구문
-Rich as it is→Though it is rich