Adam Smith Is Considered To Be The Father Of Economics It Is Not So

Adam Smith Considered The Father Economics Not Because Was First Explorer The Field Economics Also Not Because Revolutionized Economic Planning

File analysis & info

Content breakdown

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 Sensibly And Coordinates The Judgements Arrived At With Others Which Have Already Been Established Definition Of Economics By Adam Smith Adam Smith Proposed The Definition Of Economics As The Study Of Wealth In His Famous Book The Wealth Of Nations The Scottish Economist Said That Economics Is A Science Of Wealth That Studies The Process Of Production Consumption And Accumulation Of Wealth After The

Loading content...