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Laissez faire

607 bytes added, 16:24, June 25, 2018
'''Laissez faire''' (let us do or let us work) (from ''"laissez faire, laissez passer"'') is a general principle an economic doctrine that opposes governmental regulation of noncommerce beyond the minimum necessary for a free-interventionism on enterprise system; it was promoted by the part of physiocrats. [[federal government]], allowing states to handle matters at their levelhttp://www. answers.com/topic/laissez-faire] In economic theory, the term implies 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 The term was [[Adam Smith]], who pioneered the theory of modern [[capitalism]], but as [[Thomas Malthus]] and [[David Ricardo]], did not use the termpopularized by French Jean-Claude Marie Vincent de Gournay (1712–1759).
::A noted [[advocate]] of the ''Laissez laissez faire'' style of economy was [[Adam Smith]], laissez passerwho pioneered the theory of modern [[capitalism]], le monde va de lui même.'' Vincent de Gournayas [[Thomas Malthus]] and [[David Ricardo]]. \
Although elements <blockquote>Adam Smith's The Wealth of the [[Nations (1776) described laissez-faire]] principle are incorporated into economics in terms of an "invisible hand" that would provide for the maximum good for all capitalist economies, it is always limited if businessmen were free to some extentpursue profitable opportunities as they saw them. Currently [[SomaliaIbidem]] is the only nation where pure laissez-faire is practiced. Pure laissez-faire was experimented with in Chile during the reign of General Pinochet, but the experiment was unsuccessful.
== See also ==</blockquote>
In the US is a general principle of non-interventionism on the part of [[federal government]], allowing states to handle matters at their level. Although elements of the [[laissez-faire]] principle are incorporated into all capitalist economies, it is always limited to some extent. Currently [[Somalia]] is the only nation where pure laissez-faire is practiced. Pure laissez-faire was experimented with in [[Chile]] during the reign of General Pinochet, but the experiment was unsuccessful.
 
== See also ==
*[[Enterprise]]
*[[Classical liberalism]]
*[[Liberalism]]
*[[Individualism]]
== External links ==
 
*[http://dictionary.reference.com/browse/laissez%20faire Dictionary.com]
*[http://antisophistewww.blogspotinfoplease.com/2005dictionary/09brewers/laissez-faire-laissez-passer.html Laissez faireFaire, laissez passerLaissez Passer.] In French.
[[Category:Economics]]
[[Category:Political Theory]]
[[Category:Free Market Economics]]
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