Difference between revisions of "Laissez faire"

From Conservapedia
Jump to: navigation, search
Line 1: Line 1:
Laissez faire economists were people in England who wanted government to stay out of businesses. They believed that the idea of supply and demand was better than government regulations. Laissez faire translates into, "Do what you will."
+
''Laissez faire'' economists were philosophers who wanted governments to stay out of economic affairs. They believed that the ideas of supply and demand suggested that an economy would be most efficient if it is not regulated by the government. ''Laissez faire'' translates into, "Do what you will." A noted advocate of the ''laissez faire'' style of economy was [[Adam Smith]].

Revision as of 03:01, 5 March 2007

Laissez faire economists were philosophers who wanted governments to stay out of economic affairs. They believed that the ideas of supply and demand suggested that an economy would be most efficient if it is not regulated by the government. Laissez faire translates into, "Do what you will." A noted advocate of the laissez faire style of economy was Adam Smith.