| − | ''Laissez faire'' is the economic theory of a true free market with no government intervention. ''Laissez faire'' approximately translates into, "Do what you will" from French. A noted advocate of the ''laissez faire'' style of economy was [[Adam Smith]], who pioneered the theory of modern capitalism. | + | '''Laissez faire''' is the economic theory of a true free market with no government intervention. ''Laissez faire'' approximately translates into, "Do what you will" from French. A noted advocate of the ''laissez faire'' style of economy was [[Adam Smith]], who pioneered the theory of modern [[capitalism]]. |