‘An Enquiry into the Nature and Cause of the Wealth of Nations’ in 1776 was written by which of the famous economist?

Question

Adam Smith is regarded as the founding father of modern economics (it was known as political economy at that time). 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. The passage from the book. ‘It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantage’ is often cited as an advocacy for free market economy.

GKToday Admin · Accepted Answer

Adam Smith Adam Smith is regarded as the founding father of modern economics (it was known as political economy at that time). 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. The passage from the book. ‘It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantage’ is often cited as an advocacy for free market economy.

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