Which book can be considered the beginning of Political economy?
Answer & explanation
Correct answer: option 1
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