Question

Explain Adam Smith’s ideas about what the government’s role should be.

Answer 1

My answer is based off of the video on Edge.

Step-by-step explanation:

Adam Smith believed that the government should ensure a stable peaceful nation, protect the right to use private resources to make profit, guarantee honest judicial system to settle disputes and enforce contracts, grant patents and copyrights to encourage inventions and new ideas, and provide public works to benefit all members of society (bridges, roads, ports).

Answer 2

Smith rejects government interference in market activities, and instead states governments should serve just 3 functions: protect national borders; enforce civil law; and engage in public works