What was Adam smiths total idea of government?

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2026-02-05 17:55

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Adam Smith believed that the primary role of government should be to maintain order, enforce contracts, and protect property rights. He argued for a limited government that refrained from interfering excessively in economic activities, allowing free markets to operate efficiently. Smith also recognized the need for government involvement in areas like defense, education, and infrastructure, where private enterprise might not suffice. Ultimately, he envisioned a balanced approach where government supports the economy without stifling individual initiative and market dynamics.

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