View Characteristics Of Wealth Definition By Adam Smith Images. Adam smith who is known as father of economics named his famous book on economics as an enquiry into the nature and causes of the wealth of nations thus according to adam smith, economics enquiry into the factors that determine wealth of the country and its growth. 'economics is the science of wealth'.

Adam smith's the wealth of nations was recognized as a landmark of human thought upon its.

Adam smith's 1776 classic the wealth of nations may have had the largest global impact on economic thought. He attended the university of glasgow, and 12 years after his 1740 graduation, he became the chair of logic there. Adam smith highly emphasized the importance of wealth in economic life rather than human beings. Adam smith's the wealth of nations was recognized as a landmark of human thought upon its.