Difference between revisions of "Laissez faire"

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Revision as of 00:06, 6 February 2008

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.

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