Correct option is B
The correct answer is (b) Adam Smith.
· Adam Smith, a Scottish economist and philosopher, made this statement.
· He is often referred to as the "Father of Economics" and is best known for his work "The Wealth of Nations" published in 1776.
· This quote reflects Smith's belief in the importance of economic prosperity and social well-being for a flourishing society.
· Smith argued that the wealth of a nation is not just measured by its economic output but also by the well-being of its people, especially the majority.
Information Booster:
· Jagdish Bhagwati: He is an Indian-American economist known for his work on international trade and economic development and he has been a strong advocate for free trade policies.
· Amartya Sen: He is an Indian economist and philosopher who won the Nobel Memorial Prize in Economic Sciences in 1998. Sen is known for his work on welfare economics and development economics, particularly the concept of "capabilities."
· Jean Drèze: He is a Belgian-born Indian economist and social scientist. Drèze has done extensive work on issues related to hunger, famine, and poverty in India.