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Markt und Staat bei Adam Smith

Author

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  • Treu Johannes

    (Ernst-Moritz-Arndt-Universität Greifswald, Rechts- und Staatswissenschaftliche Fakultät, Lehrstuhl für Allgemeine Volkswirtschaftslehre, insb. Geld und Währung, Friedrich Löffler Str. 70, 17487 Greifswald)

Abstract

The name of Adam Smith is always associated with the development of the invisible hand, the differentiation of labour and with the foundation of the economic liberalism, so that his book the Wealth of Nation is still in fashion. Based on the criticism of mercantilism system Smith develops his own economic system. Furthermore this economic system is more than pure discretion, it is also instruction which role the market and the state have to fulfil. Smith attributes to the market his famous role, the free function of the price system. Whereas the function of the state is limited to three tasks and no intervention into the market or price process are allowed.

Suggested Citation

  • Treu Johannes, 2010. "Markt und Staat bei Adam Smith," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 59(2), pages 182-200, August.
    • Handle: RePEc:lus:zwipol:v:59:y:2010:i:2:p:182-200
    DOI: 10.1515/zfwp-2010-0207
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