If you want to know about who is the father of economics, that is, who is called the fathers of economics, then definitely read this article completely.
We all know who is the fathers of economics and why, his contribution, etc. must be known before studying about the subject of economics.
Economics is taught in our school or college and who is the fathers of economics and other important things related to him are also asked.
Many people already know about the fathers of economics but their number is very less, so here complete information has been given about it.
Let us now know about who is the fathers of economics and things related to him.
Who is the father of economics?
Adam Smith is called the father of economics. He was a famous Scottish philosopher, ethicist and economist.
| father of economics | Adam Smith |
| Birth | 16 June 1723 Kirkcaldy, Scotland |
| death | 17 July 1790, Edinburgh, Scotland |
| nationality | Scottish |
| education | University of Glasgow, Balliol College, University of Oxford |
| Parents | Margaret Douglas, Adam Smith |
| Children | David Anne, Cecilia Margaret |
| book | wealth of nations |
| notable works | Theory of moral sentiments, the wealth of the nation |
| remarkable insight | free market classical economics economic liberalism division of labor invisible hand |
| fame | father of economics or father of capitalism |
Who was Adam Smith?
Adam Smith was a famous Scottish philosopher, ethicist and political economist. He is called ‘Fathers of Economics’ i.e. ‘Fathers of Economics’.
Adam Smith’s economic theory
The foundation of free market economic theory was first laid by Adam Smith. Apart from this, he also has two famous works:
- 1759, Theory of moral feelings
- In 1776, Inquiry into the nature and causes of the wealth of nations
Adam Smith book name
The name of the book by Adam Smith is ‘The Wealth of Nations’. This book greatly influenced the historians and economists of the eighteenth century.
The name of his first book is ‘The Theory of Moral Sentiment’, which was published in 1759.
Why is Adam Smith called the father of economics?
Adam Smith is called the fathers of economics because he gave his detailed views on the construction and profitable trend of economics.
This is the reason why Adam Smith’s name comes first among the creators of modern economics and he is also called ‘Fathers of Economics’.
Who is the father of economics in India?
Chanakya i.e. Kautilya is called the fathers of economics in India, who composed the Sanskrit text ‘Arthashastra’.
FAQs related to modern economics
What are the 2 parts of economics?
Microeconomics
Macroeconomics
Who is the father of modern economics?
Adam Smith is called the fathers of modern economics, who wrote the book ‘The Wealth of Nations’ on economics.
Who is the father of modern economics in India?
Chanakya or Kautilya is called the fathers of modern economics in India.
What is the name of the book of economics written by Adam Smith?
The Wealth of Nations is a major book on economics written by Adam Smith.
conclusion
So, friends, in this article, you know who is the father of economics or who is called the father of modern economics?
Before knowing about any subject, knowing and understanding the important things related to it generates interest in reading the subject.
Therefore, in this article , we have told you about who is called the fathers of economics . We hope this article has helped you to understand about the father or fathers of economics.
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