Home › CMA Foundation › Business Economics › Definitions of Economics › Adam Smith is known as the "Father of Economics"…
Adam Smith is known as the "Father of Economics" because he authored:
AAn Enquiry into the Nature and Causes of the Wealth of Nations (1776)
BPrinciples of Economics (1870)
CThe General Theory of Employment, Interest and Money (1936)
DCapital (1867)
Answer & Solution
Correct answer: A. An Enquiry into the Nature and Causes of the Wealth of Nations (1776)
1. Per OCR: "Adam Smith was called Father of Economics. The name of the book written by Adam Smith is An Enquiry into the Nature and Causes of Wealth of Nations (1776)."
2. Smith delinked economics from political economy.
3. Foundational text of classical economics.
_Source: ICMAI BoS CMA Foundation Paper 4 (FBEM) — Paper4_07042026.pdf, Module 1 §1.1.1 (page 13)_
Related questions
Adam Smith's 1776 book "An Enquiry into the Nature and Causes of Wealth of Nations" relateThe technique of predicting future demand for goods and services on the basis of the past Which of the following is an external or environmental issue addressed through MacroeconomIn the scope of Business Economics, internal or operational issues of a firm are addressedDecision making, as explained in the unit, is best described as the process of selecting aBusiness Economics is said to be a 'Science' chiefly because it:The statement that Business Economics combines both positive and normative theory, with thBusiness Economics is described as being generally normative in nature primarily because i