concept   adam smith
culture   Western countries
statement   Adam Smith is considered the father of modern economics and a crucial figure in the development of capitalism in Western countries.

4 similar statements
# Concept Culture Statement Freq.
1 adam smith Western countries Renowned economist and philosopher known for his contributions to the theory of capitalism and free markets. 1
2 adam smith Western countries Adam Smith is known as the father of modern economics and is highly influential in economic theory in Western countries. 1
3 adam smith Western countries Regarded as the father of modern economics and a key figure in the development of capitalism. 1
4 adam smith Western countries Famous economist and philosopher known for his influential work 'The Wealth of Nations.' 1