1. Adam Smith's Theory of the State
... out "it is only under the shelter of the civil magistrate that the owner of that valuable property, which is acquired by the labor of many years, or perhaps of many successive generations, can a sleep a single night in security." Smith's third role for the Sovereign, the Expense of Public Works and institutions, is one of the more "controversial" in his theory of the state as he states that it ... is the duty of the government to build and maintain social necessities "which though ... they may be in the highest degree advantageous to a great society, are, however, of such a nature that ...
- Word Count: 1236
- Approx Pages: 5
- Has Bibliography
- Grade Level: Graduate