Who is the father of economics?

Adam Smith, an Englishman, is recognized as "the father of economics". 1776 wrote the wealth of nations (full name: research on the nature and causes of the wealth of nations). The Wealth of Nations is the basic work of modern economics and the theoretical basis of capitalist free economy. Adam Smith put forward the concept of "invisible hand", that is, the market automatically adjusts the allocation of resources. At the same time, it advocates that the government does not act and does not interfere with economic development.

Under the guiding ideology of The Wealth of Nations, the governments of early bourgeois countries provided the necessary free space for the development of their own capitalism. The technology of the new industrial revolution and the progress of navigation technology have made modern capitalism flourish.