Who is known as father of economics in India?
He is widely regarded as the founder of modern economics. The Wealth of Nations, Smith's 1776 book, is his most famous work. Who is the father of the Indian economics? Shri Mahadev Govind Ranade is known as the Father of Indian Economics.
P. C. Mahalanobis. The plan had heavily borrowed ideas from USSR's five year plans developed by Domer Mahadev Govind Ranade is known as the father of Indian Economics.
Adam Smith was an 18th-century Scottish philosopher. He is considered the father of modern economics. Smith is most famous for his 1776 book, "The Wealth of Nations."
| Amartya Sen | |
|---|---|
| Field | Welfare economics Social choice theory Development economics |
| School or tradition | Capability approach |
| Alma mater | University of Calcutta (BA) Trinity College, Cambridge (BA, MA, PhD) |
Complete answer: Adam Smith, who is considered the father of modern economics, was an 18th-century Scottish economist, philosopher, and author.
From 1890 to 1924 he was the respected father of the economic profession and to most economists for the half-century after his death, the venerable grandfather.
As such, he is considered the pioneer of the field of political science and economics in India, and his work is thought of as an important precursor to classical economics. His works were lost near the end of the Gupta Empire in the sixth century CE and not rediscovered until the early 20th century.
From 1890 to 1924 he was the respected father of the economic profession and to most economists for the half-century after his death, the venerable grandfather.
Amartya Sen has been called the Mother Teresa of Economics for his work on famine, human development, welfare economics, the underlying mechanisms of poverty, gender inequality, and political liberalism. 2.
Answer and Explanation: Adam Smith is called the father of economics for his work on The Wealth of Nations, which he published in 1776. Smith's voluminous text outlines the key aspects of trade and makes a strong case for limiting the intervention of government in trade.
