Question

Adam Smith is often referred to as the:

• A. Father of Communism
• B. Father of Modern Economics
• C. Father of Macroeconomics
• D. Father of Microeconomics

Answer 1

Answer:

B. Father of Modern Economics

Adam Smith (1723 - 1790)  

• Father of Modern Economics - Smith is widely regarded as the father of modern economics due to his groundbreaking work, "An Inquiry into the Nature and Causes of the Wealth of Nations" (often shortened to "The Wealth of Nations"), published in 1776.