Laissez-faire
Literally, laissez-faire is French for "let it be." More usefully, laissez-faire is a philosophy that favors government keeping its hands off the economy.
Laissez-Faire
A policy of minimum government intervention in the operation of the economy.
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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, ...
Laissez-faire
Related Category: Economics: Terms and Concepts
(ls´´ fâr´) [Fr.,=leave alone], in economics and politics, doctrine that an economic system functions best when there is no interference by government.
Laissez-Faire Leadership
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Laissez-Faire Leadership
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laissez-faire leadership
unstructured leadership where a manager gives subordinates direct decision-making responsibilities. While this is the weakest form of management style, it is consistent with employee empowerment .
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Laissez-faire
Let-it-be ECONOMICS: the belief that an economy functions best when there is no interference by GOVERNMENT.
Laissez-faire
A term used to describe minimal governmental involvement in an economy, allowing market forces and individuals to make their own decisions, with little or no regulation.
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Laissez-faire - Literally, "let do"; a policy advocating the minimisation of government intervention in a market economy. Adam Smith's Wealth of Nations represents this doctrine.
Laissez-Faire. See rules-oriented trade policy. The term originated in a French idiom essentially meaning "hands-off." ...
Laissez-faire - A term associated with the free enterprise economic system which calls for minimal government intervention or regulation, except in maintenance of this economic freedom.
laissez-faire
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laissez-faire The concept that an economic system should be driven by free market forces, in contrast to government intervention. LAK The ISO currency code for the Laos New Kip. Learn more about Laos and the Laos Kip at GoCurrency.
Modern socialism, as defined above, is (a) opposed to the policy of laissez-faire, which aims at the least possible interference with industrial competition between private persons or groups of persons, ...
What would be the consequences of applying the principle of laissez-faire-that is, completely free markets-to money?
Rejecting pure laissez-faire assumptions, binary economics holds that a truly free and just global market requires (1) effective broad-based ownership of capital, (2) the restoration of and universalized access to the full rights of private property, ...
Libertarianism's first major school of thought was the Austrian School of economists, and found expression in laissez-faire economics. Libertarians may be said to be economic and social extreme individualists.
Mercantilism Â- Protectionism
Laissez-faire Â- Free trade
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 See also: Intervention, Smith, Free trade, Welfare, Government intervention
  
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