Difference between revisions of "Laissez faire"
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''Laissez faire'' is the economic theory of a true free market with no government intervention. ''Laissez faire'' translates into, "Do what you will." A noted advocate of the ''laissez faire'' style of economy was [[Adam Smith]]. | ''Laissez faire'' is the economic theory of a true free market with no government intervention. ''Laissez faire'' translates into, "Do what you will." A noted advocate of the ''laissez faire'' style of economy was [[Adam Smith]]. | ||
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Revision as of 08:15, March 15, 2007
Laissez faire is the economic theory of a true free market with no government intervention. Laissez faire translates into, "Do what you will." A noted advocate of the laissez faire style of economy was Adam Smith.