laissez-faire capitalism


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Related to laissez-faire capitalism: laisser faire

laissez-faire capitalism

that form of capitalism in which, in theory at least, the state seeks not to interfere with, or seeks to preserve, the free working of the economy see LAISSEZ FAIRE. see also COMPETITIVE CAPITALISM.
References in periodicals archive ?
But there has been no failure of free trade; there has been no failure of laissez-faire capitalism.
Then, too, it seemed that Kolko had demonstrated that laissez-faire capitalism was not at all the system that had prevailed during America's Gilded Age, as the Progressive historians had long claimed.
This work will seek to answer two questions: 1) Was the Fuller Supreme Court justified interpreting and using the Due Process Clause of the Fourteenth Amendment to support laissez-faire capitalism and lay the legal foundation for the modern corporate state?
Though a Democratic president has won partial reforms to restore public investment, revive economic regulation, and repair an unjust and inefficient private health-insurance system, the very idea of government as a needed counterweight to laissez-faire capitalism remains a hard sell.
Harison ties the hiring market at the Place de Greve to the development of laissez-faire capitalism following the French Revolution, particularly the practice of marchandage, a form of subcontracting that was frequently the subject of criticism by the stonemasons and other workers.
The chapter begins with distinguishing between laissez-faire capitalism and state capitalism; the latter is seen as more accurately describing economic policy under Presidents Bush and Obama.
Rowley and Nathaniel Smith placing the finger of blame on the recent crises on too much government intervention in big business, stating that laissez-faire capitalism is the right path to take America down.
One of the most highly praised (and simultaneously, thoroughly reviled) authors in the world, Ayn Rand is especially notable to this day for her lifelong efforts to provide a moral defense of laissez-faire capitalism.
An admirer of Ayn Rand he advocates laissez-faire capitalism and a live-and-let-live foreign policy.
However, Thomas Palley, an economist, told Al Jazeera: "We have had an experiment in laissez-faire capitalism and that has not worked.
In 1882, New York clamoured for an appearance by the champion of laissez-faire capitalism, Herbert
China's development-at-any-cost approach recalls the unbridled laissez-faire capitalism in the West up to a century ago.