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'''Laissez faire''' (let us do) 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''' (let us do) is the economic theory of a true [[free market]] with no [[government]] intervention. ''Laissez faire'' modern press 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]], but as [[Thomas Malthus]] and [[David Ricardo]], did not use the term.  

 

[[Category:Economics]]

[[Category:Economics]]