1. Adam Smith's Theory of the State
... 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 of a military force." (Heilbroner, p290). After establishing the precedence of this duty over the others that follow Smith discusses the varying expense of this duty in both times of war and peace depending on the "different states of society" (Heilbroner, p290) and ... Public works) in order to maximize the quality of living in a society. He defines ...
- Word Count: 1236
- Approx Pages: 5
- Has Bibliography
- Grade Level: Graduate