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'''Laissez faire''' (let us do or let us work) is the economic theory of a true [[free market]] with no [[government]] intervention. Modern press approximately translates ''Laissez faire'' 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]], but as [[Thomas Malthus]] and [[David Ricardo]], did not use the term.
'''Laissez faire''' (let us do or let us work) is the economic theory of a true [[free market]] with no [[government]] intervention. Modern press approximately translates ''Laissez faire'' 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]], but as [[Thomas Malthus]] and [[David Ricardo]], did not use the term.
::''Laissez faire, laissez passer, le monde va de lui même.'' Vincent de Gournay.
== External links ==
== External links ==
*[http://dictionary.reference.com/browse/laissez%20faire Dictionary.com]
*[http://dictionary.reference.com/browse/laissez%20faire Dictionary.com]
*[http://antisophiste.blogspot.com/2005/09/laissez-faire-laissez-passer.html Laissez faire, laissez passer] In French.
[[Category:Economics]]
[[Category:Economics]]