Which of the following best explains why Adam Smith is considered the father of modern economics?(1 point) Responses Adam Smith discussed laissez-faire economics and division of labor in his book The Wealth of Nations. Adam Smith discussed laissez-faire economics and division of labor in his book The Wealth of Nations . Adam Smith discussed political authority and economics in his book Two Treatises of Government. Adam Smith discussed political authority and economics in his book Two Treatises of Government . Adam Smith discussed how government should only control economic activity in spirit in his book The Spirit of the Laws. Adam Smith discussed how government should only control economic activity in spirit in his book The Spirit of the Laws . Adam Smith discussed economic ideas in his book Philosophical Dictionary. Adam Smith discussed economic ideas in his book Philosophical Dictionary .
Adam Smith is considered the father of modern economics because he discussed laissez-faire economics and the division of labor in his book The Wealth of Nations. This work laid the foundation for many of the basic principles of economics that are still studied and applied today.
