1. Adam Smith's Theory of the State
... 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 other independent societies, can be performed only by means ... 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 ...
- Word Count: 1236
- Approx Pages: 5
- Has Bibliography
- Grade Level: Graduate