Question

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Who is the father of Economics??

Give detailed information about him

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Answer 1

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$\huge\mathcal{adam \: smith}$

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

Smith studied social philosophy at the University of Glasgow and at Balliol College, Oxford, where he was one of the first students to benefit from scholarships set up by fellow Scot John Snell. After graduating, he delivered a successful series of public lectures at the University of Edinburgh,leading him to collaborate with David Hume during the Scottish Enlightenment. Smith obtained a professorship at Glasgow, teaching moral philosophy and during this time, wrote and published The Theory of Moral Sentiments. In his later life, he took a tutoring position that allowed him to travel throughout Europe, where he met other intellectual leaders of his day.

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.

Smith was controversial in his own day and his general approach and writing style were often satirised by writers such as Horace.

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Answer 2

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Adam Smith

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Adam Smith is the Father of Economics

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