Adam SmithAdam Smith was a Scottish economist, philosopher and author as well as a moral philosopher, a pioneer of political economy and a key figure during the Scottish Enlightenment. Adam Smith often referred to as ''The Father of Economics'' or ''The Fatherof Capitalism''. "The Wealth of Nations", is considered his magnum opus and the first modern work of economics. In his work, Adam Smith introduced his theory of absolute advantage. Read More Read Less