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The 1776 work 'An Inquiry into the Nature and Causes of the Wealth of Nations' is regarded as the first modern work of Economics. Who authored it?
AJohn Keynes
BJoel Dean
CAlfred Marshall
DAdam Smith
Answer & Solution
Correct answer: D. Adam Smith
1. 'The Wealth of Nations' was published in 1776.
2. Adam Smith is its author and is treated as the source of the first modern Economics text.
3. Joel Dean is linked to Business Economics, not this book.
_Source: ICAI BoS CA Foundation Paper 4 Business Economics, Ch 1 Unit I "Nature and Scope of Business Economics", p.1_
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