Introduction
Adam Smith, the father of economics, defined economics as the study of wealth. However, this definition has been criticized by many economists over the years.

Criticisms of Adam Smith’s Definition of Economics
The following are some of the criticisms of Adam Smith’s definition of economics:

1. Narrow Definition
Adam Smith’s definition of economics is too narrow and limited to the study of wealth alone. It overlooks the social, political, and cultural factors that influence economic activities.

2. Incomplete Definition
Adam Smith’s definition of economics fails to capture the full scope of the subject. It does not address issues such as income distribution, poverty, unemployment, and economic development.

3. Materialistic View
Adam Smith’s definition of economics is seen as materialistic. It reduces human behavior to the pursuit of wealth and ignores other human needs and aspirations.

4. Lack of Emphasis on Human Welfare
Adam Smith’s definition of economics places more emphasis on the accumulation of wealth rather than the well-being of individuals. This has led to criticism that economics should be concerned with improving human welfare rather than just increasing wealth.

Conclusion
In conclusion, Adam Smith’s definition of economics has been criticized for being too narrow, incomplete, materialistic, and lacking emphasis on human welfare. Economists have proposed alternative definitions that take into account the social, political, and cultural factors that influence economic activities while also prioritizing human welfare.