1. Adam Smith's Theory of the State
... 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 ... war and peace depending on the "different states of society" (Heilbroner, p290) and pointing out that as a society advances it will eventually become necessary that through the division of labor a group of people specialize in the defense of the nation "in order to carry the art to perfection" ( ... with Defense...
- Word Count: 1236
- Approx Pages: 5
- Has Bibliography
- Grade Level: Graduate