The word 'Economy' comes from a Greek word 'Oikonomos', which means Ione who manages a household"
"Adam Smith"
Adam Smith is cited as the 'father of modern economics'. In 1759, he published his Theory of Moral Sentiments In 1776 he published his masterpiece:
An Inquiry into the Nature and Causes of the Wealth of Nation And he explains idea of the invisible hand .