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 ?
The four types of evidence cited so far pertain to Kolko's misunderstanding of the nature of laissez-faire capitalism.
But these terms serve only to distinguish the new regime from the negative "hands-off" state of laissez-faire capitalism.
The doctrine of laissez-faire capitalism holds that the common good is best served by the uninhibited pursuit of self-interest .
Smith is common, ly invoked as a champion of unrestrained laissez-faire capitalism.
For Rand, laissez-faire capitalism is the system in which individuals produce goods and services that they trade with one another based on mutual consent, not on the use of force or fraud.
The new society and polity were to be run by a powerful central government, cartelizing, dictating, arbitrating, and controlling, thereby eliminating competitive laissez-faire capitalism on the one hand and the threat of proletarian socialism on the other.
Conservatives, meanwhile, want to return to laissez-faire capitalism and eviscerate environmental protection.
Because she defends laissez-faire capitalism on moral grounds, she comes to grip with Hobhouse's arguments in a much fuller way than a purely economic critique could do.
Smith is commonly invoked as a champion of unrestrained laissez-faire capitalism.
The Center undertakes projects and activities designed to communicate its message to the public, the press, and policy leaders, targeting issues central to a moral defense of laissez-faire capitalism.
The Republican agenda is old-fashioned laissez-faire capitalism in disguise.
In addition, the new website features a series of articles on the moral case for free markets and laissez-faire capitalism, including: