Edited sentence: In a sense, this could be seen as "Left Wing" economics.In books 4 and 5, he argues that the state should provide institutions that would provide for the welfare and infrastructure of the society when individual participation in the free market would not be enough to introduce a desire for the investment into these institutions.Smith would not be considered a "Republican" or "Right Wing" in modern terminology.Therefore, both right wing and left wing liberalism come from the assumptions made by Smith of the liberal state