Laissez-faire_capitalism Laissez-faire_capitalism

Laissez-faire capitalism - Definition and Overview

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Laissez-faire capitalism is, roughly stated, the doctrine that the free market functions to the greatest good when left unfettered and unregulated by government.

Historically the term 'Laissez-faire' was first used in the 1700s by French physiocrats in opposition to mercantilism. Later it was popularized by being taken out of context from the works of Adam Smith and John Stuart Mill.

Many say that the phrase "laissez-faire capitalism" is redundant, pointing out that the common definition of capitalism explicitly refers to trade occuring in a "free market." These assert that the concept of "capitalism" is a laissez-faire system by definition.

See also

Example Usage of Laissez-faire
jerseygemini: @lizzywednesday yeh, i really shouldn't complain, i have a pretty Laissez-faire manager who isn't too bad. after all, i'm on twitter.
therichbrooks: @marieiris Great seeing you today! And for the inside scoop that my Laissez-faire approach to #tfl is actually beating some active players!
Cheryl_Jones: Laissez-faire my health care http://bit.ly/3C7KU4
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