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Adam Smith and the Welfare State Presented by Tony Quain ECON-827 Professor Klein April 27, 2006

OverviewOur inquiry: Would Adam Smith condone or promote the modern welfare state?Smith in a pre-welfare ageWelfare states emerged in the late 19th centuryPublic education is one form of indirect redistribution that existed prior to Smith (Scotland was first in 1561)Income taxation does not appear until 1799 (Pitt)Social insurance does not appear until 1889 (Bismarck)How can we know Smith's view on the welfare state?.

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Adam Smith and the Welfare State Presented by Tony Quain ECON-827 Professor Klein April 27, 2006

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