Laissez-faire: A Type of Capitalism
Laissez-faire is an economic environment in which transactions between private parties are free from government restrictions, tariffs, and subsidies, with only enough regulations to protect property rights. Wikipedia
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Laissez-faire was proclaimed by the Physiocrats in the eighteenth-century France, thus being the very core of the economic principles, and was more developed by famous economists, beginning with Adam Smith. Wikipedia
Explore: Adam Smith
When Rand talks of capitalism, she means laissez-faire capitalism, in which there is a complete separation of state and economics ``in the same way and for the same reasons as the separation of church and state.'' Wikipedia
Explore: Ayn Rand
The laissez-faire leadership style is where all the rights and power to make decisions is fully given to the worker. Wikipedia
Explore: Leadership stylesThe laissez faire slogan was popularized by Vincent de Gournay, a French Physiocrat and intendant of commerce in the 1750s, who is said to have adopted the term from François Quesnay's writings on China.[5] It was Quesnay who coined the term laissez-faire, laissez-passer,[6][7] laissez-faire being a translation of the Chinese term 無為 wu wei.[8] Gournay was an ardent proponent of the removal of restrictions on trade and the deregulation of industry in France. Gournay was delighted by the Colbert-LeGendre anecdote,[9] and forged it into a larger maxim all his own: "Laissez faire et laissez passer" ('Let do and let pass'). His motto has also been identified as the longer "Laissez faire et laissez passer, le monde va de lui même!" ("Let do and let pass, the world goes on by itself!"). Although Gournay left no written tracts on his economic policy ideas, he had immense personal influence on his contemporaries, notably his fellow Physiocrats, who credit both the laissez-faire slogan and the doctrine to Gournay.[
Related topics
Laissez-faire was proclaimed by the Physiocrats in the eighteenth-century France, thus being the very core of the economic principles, and was more developed by famous economists, beginning with Adam Smith. Wikipedia
Explore: Adam Smith
When Rand talks of capitalism, she means laissez-faire capitalism, in which there is a complete separation of state and economics ``in the same way and for the same reasons as the separation of church and state.'' Wikipedia
Explore: Ayn Rand
The laissez-faire leadership style is where all the rights and power to make decisions is fully given to the worker. Wikipedia
Explore: Leadership stylesThe laissez faire slogan was popularized by Vincent de Gournay, a French Physiocrat and intendant of commerce in the 1750s, who is said to have adopted the term from François Quesnay's writings on China.[5] It was Quesnay who coined the term laissez-faire, laissez-passer,[6][7] laissez-faire being a translation of the Chinese term 無為 wu wei.[8] Gournay was an ardent proponent of the removal of restrictions on trade and the deregulation of industry in France. Gournay was delighted by the Colbert-LeGendre anecdote,[9] and forged it into a larger maxim all his own: "Laissez faire et laissez passer" ('Let do and let pass'). His motto has also been identified as the longer "Laissez faire et laissez passer, le monde va de lui même!" ("Let do and let pass, the world goes on by itself!"). Although Gournay left no written tracts on his economic policy ideas, he had immense personal influence on his contemporaries, notably his fellow Physiocrats, who credit both the laissez-faire slogan and the doctrine to Gournay.[