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Encyclopedialaissez-fairelaissez-faire (les"ā fâr') [key][Fr.,=leave alone], in economics and politics, doctrine that an economic system functions best when there is no interference by government. It is based on the belief that the natural economic order tends, when undisturbed by artificial stimulus or regulation, to secure the maximum well-being for the individual and therefore for the community as a whole. Sections in this article: The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2007, Columbia University Press. All rights reserved. More on laissez-faire from Infoplease:
- laissez-faire: Formulations of the Doctrine - Formulations of the Doctrine Historically, laissez-faire was a reaction against mercantilism, a ...
- laissez-faire: Modifications - Modifications As the system of capitalist enterprise evolved in the 19th cent., more and more ...
- laissez-faire: Bibliography - Bibliography See J. W. McConnell, Basic Teachings of the Great Economists (1943); F. W. Hirst, ed., ...
- Laissez Faire, Laissez Passer - Laissez Faire, Laissez Passer Lord John Russell said: “Colbert, with the intention of ...
- Frédéric Bastiat - Bastiat, Frédéric Bastiat, Frédéric , 1801–50, French economist. ...
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