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Why is Adam smith called the father or capitalism?

Updated: 8/22/2023

Wiki User

∙ 9y ago

Best Answer

Adam Smith is called the father of Economics becasue he was one of the first people during his time to theorize economic theory

Pinkie Davis ∙

Lvl 13

∙ 2y ago

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Wiki User

∙ 9y ago

Adam Smith is called the 'Father of Capitalism.' This is because he was the first person to write about the economic system of capitalism.

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Wiki User

∙ 11y ago

Adam Smith is called the father of economics becasue he was one of the first people during his time to theorize economic theory

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Wiki User

∙ 13y ago

He was famous for being an economist and a philosopher.

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Wiki User

∙ 11y ago

Economics is obviously his son, or is economics adopted. Lets just say that they live together.

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Wiki User

∙ 13y ago

because he wants to be

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Continue Learning about Economics

People known as the father of capitalism?

Adam Smith, and sometimes John Locke.

What was Adam smith not known for?

Capitalism

Laissez-faire capitalism as attributed to Adam Smith called for?

Minimal government involvement in the economy

In 1776 Adam Smith developed which theory?

Adam Smith developed the theory of classical capitalism.

Who is called 'the father of Economics'?

Adam Smith is known as 'the father of Economics'.

Related questions

Why is Adam smith called the father of capitalism?

Adam Smith is called the father of capitalism because of his book 'Wealth of Nations'. In this book, he described laissez faire economics.

People known as the father of capitalism?

Adam Smith, and sometimes John Locke.

The free-market system of capitalism was defended in the book The Wealth of Nations by whom?

Adam Smith wrote the book called the wealth of nations

What was Adam smith not known for?

Capitalism

Who was for capitalism?

capitalism was expressed in Adam Smith's Wealth of Nations (1776)

Which ideology did Adam Smith favor?

Capitalism

Laissez-faire capitalism as attributed to Adam Smith called for?

Minimal government involvement in the economy

Who is called 'the father of Economics'?

Adam Smith is known as 'the father of Economics'.

In 1776 Adam Smith developed which theory?

Adam Smith developed the theory of classical capitalism.

Who provided central idea of capitalism?

Adam Smith

Who was responsible for the rise and triumph of capitalism?

Adam Smith

Who is the father of economic?

Father of Economics is Adam Smith

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