Laissez faire
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Laissez faire (let us do or let us work) is a general principle of non-interventionism on the part of federal government, allowing states to handle matters at their level. 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 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
- Dictionary.com
- Laissez faire, laissez passer In French.
