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'''Laissez faire''' (let us do or let us work) (from ''"laissez faire, laissez passer"'') is an economic doctrine that opposes governmental regulation of commerce beyond the minimum necessary for a free-enterprise system; it was promoted by the [[physiocrats]]. [http://www.answers.com/topic/laissez-faire] In economic theory, the term implies a true [[free market]] with no [[government]] intervention. Modern press approximately translates ''laissez faire'' into, "Do what you will", from French.  

'''Laissez faire''' (let us do or let us work) (from ''"laissez faire, laissez passer"'') is an economic doctrine that opposes governmental regulation of commerce beyond the minimum necessary for a free-enterprise system; it was promoted by the [[physiocrats]]. [http://www.answers.com/topic/laissez-faire] In economic theory, the term implies a true [[free market]] with no [[government]] intervention. Modern press approximately translates ''laissez faire'' into, "Do what you will", from French. The term was used bu the first time by French [[Jean-Claude Marie Vincent de Gournay]] (1712 – 1759).

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.  

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.