1. Adam Smith's Theory of the State
... the importance of the state providing security and protection from the outside as well as from those on the inside but also let the role of the state deepen by stating that it should be responsible for undertaking ventures that would benefit or even be necessary to the wellbeing of the society with out being profitable (public works and institutions). Smith starts his discussion on the duties of the State by saying, "The first duty of the ... sovereign, that of protecting the society from the violence and invasion of ... ...
- Word Count: 1236
- Approx Pages: 5
- Has Bibliography
- Grade Level: Graduate