Practicing Success

Target Exam

CUET

Subject

Sociology

Chapter

Indian Society: Continuity and Change

Question:
Which book can be considered the beginning of Political economy?
Options:
Wealth of nations
Das Capital
Sampathika neethi
Theory of Justice
Correct Answer:
Wealth of nations
Explanation:
To answer this question, we need to go back briefly to the eighteenth century England and the beginnings of modern economics, which at that time was called ‘political economy’. The most famous of the early political economists was Adam Smith, who in his book, The Wealth of Nations, attempted to understand the market economy that was just emerging at that time