Answer:
...“The father of modern economics supported a limited role for government. Mark Skousen writes in "The Making of Modern Economics", Adam Smith believed that, "Government should limit its activities to administer justice, enforcing private property rights, and defending the nation against aggression." The point is that the farther a government gets away from this limited role, the more that government strays from the ideal path... How this issue is handled will decide whether the country can more closely follow Adam Smith's prescription for growth and wealth creation or move farther away from it.”
Jacob Viner addressed the laissez-faire attribution to Adam Smith in 1928...
Here is a list of appropriate activities for government, which goes way, way beyond Mark Skousen’s extremely limited – and vague – 'ideal' government. That ... he goes on to attribute his ‘ideal’ list to Adam Smith ... is not alright.In fact, its downright deceitful, for which there is no excuse of ignorance (before attributing the limited ideal to Adam Smith we assume, as scholars must, that Skousen read Wealth Of Nations and noted what Smith actually identified as the appropriate roles of government in the mid-18th century).
Answer:
seems you've answered this.
Explanation:
<span>Good Morning!
In a market society, also known as "capitalism," the roles are very clear. Consumers have the role of effecting the consumption of products or services, thus acting as a thermometer for the market since it is from the tastes and options of the population that the market must be guided. The market, then, is the one that meets the demand and produces in order to raise customers and realize sales. The government is a manager, but should not interfere much with the functioning of the market. The government must manage and prevent unfair competition, harness currency strength and international competition.
Hugs!</span>
