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rosijanka [135]
3 years ago
6

Why does Adam Smith think that the government should stay out of economic affairs?

History
1 answer:
professor190 [17]3 years ago
8 0
The government stays out of affairs and lets the market mange itself. In this vien, Adam Smith’s “invisible hand” is the idea that there is an invisible force or hand that drives and manages the economy. People who subscribe to this form of economic thought usually favor small government intervention...they think the market will take care of itself and doesn’t need government subsidies, regulation, etc.
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Establishing government of the folks, for the folks, and by the folks was the new nation's main concern. As an Yankee, I even have to mention that it's very regrettable that this can be not happening any longer in our country. Our creation fathers would be thus humiliated folks.The issue with the British government was that before the Revolution their government was too sturdy.

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