Which famous economist wrote "The Wealth of Nations"?

• A. Karl Marx
• B. John Maynard Keynes
• C. Adam Smith
• D. David Ricardo

Answer: (C)

The work "The Wealth of Nations," published in 1776, is attributed to Adam Smith, a pivotal figure in the field of economics and often referred to as the father of modern economics. In this foundational text, Smith explores principles such as the division of labor, free markets, and the concept of the "invisible hand," which describes the self-regulating nature of the marketplace. Smith's ideas laid the groundwork for classical economics and significantly influenced economic thought and policy in subsequent centuries.

Other economists mentioned, like Karl Marx, focused on critiques of capitalism and the concepts of socialism; John Maynard Keynes developed theories about economic cycles and government intervention during the Great Depression; while David Ricardo contributed ideas on comparative advantage and rent theory. While each of these economists made substantial contributions to economic thought, it is Adam Smith who is known specifically for "The Wealth of Nations," making this answer accurate and reflective of the foundational contributions he made to economic theory.