Who is the Father of Economics?
Adam Smith is known as the father of Economics.
Here are some quick facts about Adam Smith:
|Birth||16 June 1723|
|Death||17 July 1790|
|Notable work||The Theory of Moral Sentiments, The Wealth of Nations|
|Notable ideas||Classical economics, Free market, Economic liberalism, Division of labour, Absolute advantage, The Invisible Hand|
|Birthplace||Kirkcaldy, Fife, Scotland|
Adam Smith — Father of Economics
Adam Smith was a Scottish philosopher, economist, and moralist. He is best known for his book The Wealth of Nations, which is considered to be the first modern work of economics. He also wrote on ethics and religion, history, jurisprudence, poetry, and other topics.
He believed that individuals acting in their self-interest could benefit society as a whole.
Smith’s work is considered to be foundational for modern economics and inspired generations of economists after him.
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