Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: National Income Accounting

Question:

The Book "All Enquiry into the nature and causes of the Wealth of Nations" written by :

Options:

John Maynarel Keynes

Adam Smith

 Marshal

Pigan

Correct Answer:

Adam Smith

Explanation:

The correct answer is option (2) : Adam Smith

Adam Smith is regarded as the founding father of modern economics (it was known as political economy at that time). He was a Scotsman and a professor at the University of Glasgow. Philosopher by training, his well known work "An Enquiry into the Nature and Cause of the Wealth of Nations" (1776) is regarded as the first major comprehensive book on the subject.