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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. The term was used by the first time by French [[Jean-Claude Marie Vincent de Gournay]] (1712 – 1759).

'''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 popularized 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]], as [[Thomas Malthus]] and [[David Ricardo]].

A noted [[advocate]] of the ''laissez faire'' style of economy was [[Adam Smith]], who pioneered the theory of modern [[capitalism]], as [[Thomas Malthus]] and [[David Ricardo]].