1. Adam Smith's Theory of the State
... order to carry the art to perfection" (Heilbroner, p 291). As with Defense, Justice too requires different levels of expense in different types of society. In a nation with out private property civil government is not necessary as there is no real accumulation of stock or valuable private possessions to protect. But as the degree of civilization in a society increases and private property ... becomes common Civil government is rendered necessary (Heilbroner, p 293). With out the protection of private property there is no incentive to accumulate stock and wealth as Smith points out "it i...
- Word Count: 1236
- Approx Pages: 5
- Has Bibliography
- Grade Level: Graduate