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Sagot :
In fact, the general trend in the United States during the 20th century was to gravitate toward Adam Smith's theories regarding the function of government.
What views did Adam Smith have on the function of the government?
Adam Smith, who emphasized the value of productive work, self-interest, capital investments, and profits, thought that the government's limited and clearly defined role in capitalism should focus on:
- enforcing agreements
- the execution of justice
- supplying public goods
- protection of the nation
- Patent and copyright granting
- encouraging fresh ideas and inventions.
Where has the American ideal of the corporate tycoon gone?
In addition to working as a research fellow at the Lawrence National Centre for Policy and Management, he teaches at the Richard Ivey School of Business. As the American economy developed in the 20th century, the brash business magnate lost favor as a symbol of the nation.
Learn more about Adam Smith's ideas on capitalism at brainly.com/question/15619229
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