Adam Smith on Public Policy

Adam Smith thought that everyone should receive an education, and that funding should be set up to comport with justice and to incentivize a high quality product.

Adam Smith experienced higher education as both a student and a teacher. He thought it was important that teachers be held monetarily accountable to students.

Adam Smith was concerned with the negative effects of occupational licensing, especially on the poor.

Adam Smith said taxation should be imposed in proportion to the benefits a taxpayer receives from the state and should be predictable, convenient, and efficient.