laissez faire(redirected from laisser faire)
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Related to laisser faire: Laissez-faire capitalism
laissez faire, laisser faire
a. the doctrine of unrestricted freedom in commerce, esp for private interests
b. (as modifier): a laissez-faire economy
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
laissez fairethe doctrine that economic affairs, especially the interests of capital, are best left unrestricted by government action. The term derives originally from the ideas of the French physiocrats, but was developed by Adam SMITH and by the CLASSICAL ECONOMISTS.
Collins Dictionary of Sociology, 3rd ed. © HarperCollins Publishers 2000