The term laissez-faire generally indicates a desire for government intervention in economic matters

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journal article

The Intellectual History of Laissez Faire

The Journal of Law & Economics

Vol. 3 (Oct., 1960)

, pp. 45-69 (25 pages)

Published By: The University of Chicago Press

https://www.jstor.org/stable/724811

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Current issues are now on the Chicago Journals website. Read the latest issue.Established in 1958, The Journal of Law and Economics publishes research on a broad range of topics including the economic analysis of regulation and the behavior of regulated firms, the political economy of legislation and legislative processes, law and finance, corporate finance and governance, and industrial organization. The Journal has published some of the most influential and widely cited articles in these areas.

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What is the concept of laissez

Laissez-faire is an economic philosophy of free-market capitalism that opposes government intervention. The theory of laissez-faire was developed by the French Physiocrats during the 18th century. Laissez-faire advocates that economic success is inhibited when governments are involved in business and markets.

What is laissez

The term laissez faire refers to the economic policy of letting owners of industry and business set working conditions without interference . This policy favors a free market unregulated by government. The term is French for "let do," and by extension, "let people do as they please."

What is the role of government in a laissez

In a laissez-faire system, the government does not interfere in the economy. The kind of system in which the individuals own and control the factors of production is a command economy.

What is the main idea behind laissez

What is laissez faire economics? (Little government regulation of economy. Let economy go) The idea that the government should not interfere in the free operation of the economy. Government should not play a role in the economy (hands off should not regulate business).