Who is the founder of microeconomics?

The founder of microeconomics is Adam Smith.

Adam Smith (1723—1July 7, 790) was born in Kirk Caldi, Fife, Scotland. He is a British economist, philosopher, writer and the main founder of economics. Adam Smith, who emphasizes free market, free trade and division of labor, is known as "the father of classical economics" and "the father of modern economics". ?

microeconomy

In microeconomics, Smith's axiology regards labor as the only source of value and the amount of labor contained in each commodity as the measure of exchange value. On this basis, by investigating the relationship between natural price and market price, this paper analyzes the action form of competition restraining individual self-interest behavior and the movement process of price mechanism allocating social resources.

His distribution theory analyzes the decisions of wages, profits and land rent, and examines the relationship between them. He pointed out that profit is the surplus created by wage labor, but due to the intensification of competition and the decrease of profitable investment opportunities.

The profit rate will tend to decline: as for land rent, it is a kind of income obtained by land owners by virtue of their monopoly rights. However, when he tried to combine the theory of value with the theory of distribution, many confused and even contradictory viewpoints appeared in Smith's exposition, which became the source needed by later scholars.

Reference to the above content: Baidu Encyclopedia-Adam Smith