Laissez-faire
| Laissez-faire (
pronunciation:
French, ;
English, ) is a French phrase meaning "let do". From the French diction first used by the 18th century
physiocrats as an injunction against government interference with trade, it became used as a synonym for strict
free market economics during the early and mid-19th century. It is generally understood to be a doctrine that maintains that private initiative and production are best allowed to roam free, opposing
economic interventionism and
taxation by the state beyond that which is perceived to be necessary to maintain individual liberty, peace, security, and property rights.
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laissez faire
Noun
1. the doctrine that government should not interfere in commercial affairs
(synonym) individualism
(hypernym) doctrine, philosophy, philosophical system, school of thought, ism
laissez-faire
Adjective
1. with minimally restricted freedom in commerce
(synonym) individualistic, laissez-faire(a)
(similar) capitalistic, capitalist
Laissez-faire
The doctrine stating that the government should stay out of business and economic affairs.
Laissez-faire
Literally, French for "Let do." The classical
liberal (and modern
libertarian) doctrine that the economic affairs of society are best guided by the free and autonomous decisions of individuals in the marketplace, to the near exclusion of government interference in economic matters. That is, the doctrine that government should almost always leave people alone and let them do as they please, so long as they respect the personal and
property rights of others. [See also:
liberalism,
libertarianism]
laissez-faire
= laissez-faire.
Nota: Política no intervencionista.
Ex: This may be seen as a good or a bad thing, depending on your faith in the market forces and laissez-faire of Prestel or the benign dictatorship of the BBC and ITV.