laissez faire


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laissez faire

, laisser faire
a. the doctrine of unrestricted freedom in commerce, esp for private interests
b. (as modifier): a laissez-faire economy

laissez faire

the 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.
References in periodicals archive ?
Table 5 Moderation through Hierarchical Regression indicating interaction Effect of Laissez Faire Teaching Style and Meta-Cognitive Awareness on Study Habits in University Students (N=200)
The [beta] value shows the effects of Democratic, Autocratic and Laissez faire leadership styles on Job Satisfaction.
Consider his "Myth 10: Free Market and Laissez Faire Are the Same."
C- Laissez faire leadership style affects strategy implementation.
Keywords: Leadership style, Organizational citizenship behaviour, Democratic leadership style, Autocratic leadership style, Laissez faire leadership style
The version of Hoover presented in the media's narrative of Hoover as champion of laissez faire bears little resemblance to the details of his life, the ideas he held, and the policies he adopted as president.
It took conservatives, who in the 18th and early 19th century supported quasi-feudal states and distrusted the instabilities of the market, a hundred years to become advocates of laissez faire. And under the imperatives of the K Street Project, it took them just five to abandon their belief in laissez faire to support a corrupt business-government partnership bearing striking resemblance to feudalism.
He recounts corporate scandals, for example, in which energy companies tried to "socialize the risk [and] privatize the profits." By definition, that's crony capitalism, not laissez faire. He devotes pages to decrying the decline of the family farm and the rise of the giant agricorp, a phenomenon he lays at the market's door.
Contrariwise, Humanists reject the utopian, statist, and authoritarian social control of communist societies as much as they reject the radical individualism of laissez faire capitalism and Social Darwinism (finding it inherently sociopathic).
Laissez Faire Books may be new to Arkansas, but its director isn't.
also exports its laissez faire, market-driven policies worldwide through the rapacious triumverate of IMF, WTO and the World Bank.
Laissez faire economists argued that a natural harmony of interests would enable egotistical economic action to serve the common good.