Difference between revisions of "Laissez faire"

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'''Laissez faire''' (let us do or let us work) is the economic theory of a true [[free market]] with no [[government]] intervention. Modern press approximately translates ''Laissez faire'' 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.  
 
'''Laissez faire''' (let us do or let us work) is the economic theory of a true [[free market]] with no [[government]] intervention. Modern press approximately translates ''Laissez faire'' 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.  
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::''Laissez faire, laissez passer, le monde va de lui même.'' Vincent de Gournay. 
  
 
== External links ==
 
== External links ==
  
 
*[http://dictionary.reference.com/browse/laissez%20faire Dictionary.com]
 
*[http://dictionary.reference.com/browse/laissez%20faire Dictionary.com]
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*[http://antisophiste.blogspot.com/2005/09/laissez-faire-laissez-passer.html Laissez faire, laissez passer] In French.
  
 
[[Category:Economics]]
 
[[Category:Economics]]

Revision as of 01:46, 6 December 2007

Laissez faire (let us do or let us work) is the economic theory of a true free market with no government intervention. Modern press approximately translates Laissez faire 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.

Laissez faire, laissez passer, le monde va de lui même. Vincent de Gournay.

External links