Adam Smith and his view of the role on government in the economy Research Paper

cristal Smith and his view of the component part on government in the economy - Research Paper Example be Body comprises of the preaching of the roles of the government proposed by Adam Smith. These roles include 1. Protection of the citizens from external forces. 2. Protection of the rights of the citizens through the means of judiciary. 3. maturement and maintenance of institution for the cosmos. Through his loudness he even proposed different ideas such as the impingement of religion in particular nation, the difference between the value and weight of goods, the role played by government in providing education. Summary The summary sections covers all the topics discussed throughout the report, including summary of the roles of the government. Introduction The riches of nations was the outgo piece of Adam metalworker (Smith, 2009). The book represented the political economy and it showed the mechanism of exchange in much broader way with the main area of concern. Not just t hat, it believed in the ideal governmental radiation diagram that was mandatory for the commercial improvement and in order to approach the self interest of each someone. It is because of the wealth of nations that made Adam smith a pure laissez faire intellectual. In his book, he had discussed about the system of inherent liberty. Natural liberty is the way of dealing in which government role of intervention is very marginal and only the individuals at the market place are responsible for the control. According to smith, government or self-reliant distinguish had only three major parts to play that involves protection of the country from any alfresco attack, to implement the rule of arbitrator in true sense and provide real protection to the individuals aliment in the state from each other and the last one was the responsibility of constructing and preparing the domain works and public based institutions that was in the interest of citizen or a group of citizen, which was not be afforded by them previously. Body First Responsibility However, there are certain controversies associated with every form of responsibility of the sovereign state as indicated by Adam smith. For the first responsibility of protecting the society from the outside attackers, there was an literary argument among other theorists and smith regarding the citizen militia and standing army, as to whom would be the best for the required job by taking help of the deep discussion from the historical relevance of military at several judgment of conviction periods in the given society (Sherman 91). With the specialized thinking and relevance, smith gave his positive opinion in the royal court of army with no doubts. Army must be given the role of protecting the society quite of citizen militia. Second and Third Responsibility The other responsibility of the sovereign state was the implementation of rule of justice in real sense also faced the challenges and was not a simple criterio n (Rabushka 161). Adam smith didnt mention the theory in a complete way in his book about the definition of justice and how a state maintained it in rue way. Nevertheless, with his other theories, he was a believer of liberalism for the right of citizens against the implementation of government rules on the issues of conscience and debate. The expense of justice chapter in the book had shown the discussion about the character of subordination of human beings and why the imposition of one individual on another always exists. The third responsibility of the sovereign state for the construction and maintenance of the public institutions and public workplace that was not in the limits of the individuals to do so personally, in other words it is cognise as natural monopolies that faced the maximum challenges (Roth 27). Government and Religion Apparently, the book showed last time what smith was thinking regarding the governmental