According to Amartya Sen, one of the reasons we should not over employee Adam Smith’s emphasis on self-interest in the Butcher-Brewer-Baker simplicity, is Adam Smith’s appointment as the Professor of Moral Philosophy at the University of Glasgow.

According to Amartya Sen, one of the reasons we should not over employee Adam Smith’s emphasis on self-interest in the Butcher-Brewer-Baker simplicity, is Adam Smith’s appointment as the Professor of Moral Philosophy at the University of Glasgow.

True

False

EXPERT ANSWER

Ans:- true

Explanation:-Adam Smith was a father of classical economics. and he wrote a book “Wealth of Nation”. In his book explain this concept.

According to him, self-interest is very important in motivation exchange and also helpful for a successful business. But in real-life economics is concerned about production and distribution, not only by self-interest.