Answer:
Adam Smith is known as the father of modern economics.
Step-by-step explanation:
Adam Smith is credited with founding modern economics. He was born in Scotland in 1723, and at the age of 15, he began his academic career. He received a seat at Glasgow University as the chair of logic in 1751 and the chair of moral philosophy the following year. Smith argues that people have an underappreciated aptitude for good judgment and shouldn't allow politicians or philosophers to impose irrational government restrictions on them. He supported the laissez-faire philosophy, which advocates for little or no intervention by the government in the economy. Smith argued that the proper operation of the natural laws of supply and demand was made possible by free markets.