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Home >> Famous Economists

Famous Economists




Economists are the scholars who specialize in economics. They study the concepts of economics and devise methods to fuel economic prosperity. Various economists have presented theories and created models to explain the functioning of the economy as a whole.

Famous Economists

Some of the most distinguished economists are:

  • Adam Smith (1723-1790): Also known as the ‘father of modern economics,’ Adam Smith was the pioneer of political economy. His ‘Wealth of Nations’ is considered the first modern work of economics. In this piece, he explained the benefits of a free market economy where self interest would result in the betterment of the economy as a whole. He argued that if an individual pursued his own interests to maximize his revenues, he would be contributing more to the total proceeds of the society. Smith was against the formation of monopolies.




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