Question

who is the father of economics? ​

Answer 1

Answer:

Adam Smith was an 18th-century Scottish economist, philosopher, and author, and is considered the father of modern economics. Smith is most famous for his 1776 book, "The Wealth of Nations."

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Answer 2

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.

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