... very powerful analyses of the capitalistic system of even today. His first premise was that increase in economic growth would only occur with free trade, meaning the removal of all national and mercantile obstacles. Government, according to Smith, would be necessary only for defense, internal security, law-making, and judicial ruling. A smaller government was a better government economically, due to the fact ... ...

• Word Count: 575
• Approx Pages: 2
• Grade Level: Graduate