A Theoretical Study of Adam Smith's State Concept

Abstract

The purpose of this study is to throw light on the state, one of the most important structures in social sciences and its functions. This great structure on which the discussions have not been ended and which has been defined in terms of every social science. For this purpose, the ideas of Adam Smith who handled and examined the state in terms of its functions especially in economic realm were prioritised general overview of the state. Since, Adam Smith's conception of the state presents a different content than the other prominent mainstream economic thinkers of his time. In order to understand Smith's thought system and his views of state from a managerial perspective, his views in his two primary works - The Theory of Moral Sentiments and The Wealth of Nations and other discussions concerned with these views in literature were included in this study.