Q. Who among the following called as founding father of modern economics?

[A] Adam Smith

[B] David Ricardo

[C] James Mill

[D] Aristotle

Answer: A

Explanation: 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.

Source: NCERT – Macro economics