Question

father of economics​

Answer 1

Answer:

Samuelson

Called the father of modern economics, Samuelson became the first American to win the Nobel Prize in Economics (1970) for his work to transform the fundamental nature of the discipline.

Answer 2

$★Question$

Who is known as the father of economics?

$★Answer$

Adam Smith is considered the father of economics. According to Smith, the government does not tamper with the economy, a country’s resources will be most effectually utilised, free-market issues will fix themselves and a nation’s welfare and best interests will be agreed.

However, Smith’s opinions on the economy predominated for the next 2 centuries, however, in the late 19th and early 20th centuries, the views of Alfred Marshall (1842-1924), a London-born economist, had a significant influence on economic theory.