Which doctrine goes against Adam Smith's principle?
Answers
Answered by
0
Answer:
Adam Smith is considered to be the father of economics. It is not so because he was first explorer in the field of economics, also not because he revolutionized economic planning by his maiden ideas, but because he abbreviated what he had received from his predecessors and handed it down as a guide to the coming generations.
He was the editor and not the author, organizer and not the originator of economic science.
“He was the man of systematic work and balanced presentation, not of great new ideas but a man who carefully investigates the given data, criticizes them cooly and sensibly, and coordinates the judgements arrived at with others which have already been established”.
Similar questions