Who was the father of modern economics and why we are calling him like this !

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Adam Smith is considered the father of modern economics due to his groundbreaking work in 'The Wealth of Nations' and his contributions to the field of economics.

Adam Smith is known for his book 'The Wealth of Nations' published in 1776, which laid the foundation for classical economics.
He introduced the concept of the invisible hand, which explains how self-interest and competition can lead to economic prosperity.
Smith emphasized the importance of division of labor and specialization in driving economic growth.
His ideas on free markets, capitalism, and the role of government in the economy have had a lasting impact on economic theory and policy.
Adam Smith's work is considered a cornerstone of modern economics and he is often referred to as the father of the discipline.

Who was the father of modern economics and why we are calling him like this !

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