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journal article The Intellectual History of Laissez FaireThe 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 Read and download Log in through your school or library Alternate access options For independent researchers Read Online Read 100 articles/month free Subscribe to JPASS Unlimited reading + 10 downloads Purchase article $14.00 - Download now and later Journal Information 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. Publisher Information Since its origins in 1890 as one of the three main divisions of the University of Chicago, The University of Chicago Press has embraced as its mission the obligation to disseminate scholarship of the highest standard and to publish serious works that promote education, foster public understanding, and enrich cultural life. Today, the Journals Division publishes more than 70 journals and hardcover serials, in a wide range of academic disciplines, including the social sciences, the humanities, education, the biological and medical sciences, and the physical sciences. Rights & Usage This item is
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What is the concept of laissezLaissez-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 laissezThe 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 laissezIn 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 laissezWhat 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).
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