Adam smith believe that the government should be responsible for: encouraging producers to act in their own self-interest.
Adam smith is a major supporter of the free-market system. According to Adam Smith, the government should make as little interference as possible to the free market. He believed that by encouraging producers to act in their own interest, the country would be able to increase its employment and generate wealth to the country in the long run.
This is a complicated question that, frankly, is (and has been) worthy of book-length studies and debate. In short, though, the Fabian Society wished to promote its ideas through gradual reformist efforts, rather than immediate revolution, which itself was a decidedly Victorian ideal. Also, the Fabian society called for scientifically planned societies that would be designed to better the English population, something which itself was a Victorian ideal.
They were at ease with the war being over
