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  • Essay / Ideology in Government - 1475

    According to Michael G. Roskin, Adam Smith's theory is the root of ideologies. “The Theory of Moral Sentiment,” which was one of Smith’s classic works. Smith that the government should stay out of the way in the event of a saving. Smith suggested that governments of all nations should practice a lazier tariff market. But without the presence of government in the economy, won't the economy of the country go crazy because it has no leader to control it. Smith emphasized that government presence is not necessary in the economy because the economy will control itself. Smith argued that the product produced should not depend on the government, but on the people of the nation, which would introduce new achievements on the part of all other producers. Smith uses the word “invisible hand” which can mean many things. Michael G. Roskin describes the “invisible hand” as someone who pursues personal interests in the free market. Smith likes the idea of ​​having an "invisible hand" in the free market, Smith added that having an "invisible hand" in the free market will benefit the national economy because it will allow for the completion of manufacturing, which will lower the price of goods. for the population, while benefiting from a good quality of