Sociology Index

LAISSEZ FAIRE

Market Economy, Libertarianism, Books on Laissez faire

Laissez faire means, 'allow to do'. Government abstention from interference in the actions of individuals, especially, in commerce; general non-interference or indifference. Laissez faire was a synonym for strict free market economics during the early and mid-19th century.

Laissez-faire is a term from French and literally means let do and leave it alone. A laissez-faire state has never existed, though the extent of government regulation may vary.

Laisser-faire, laissez faire, laissez aller and laissez passer, means let do, let go or let pass. laissez faire is an injunction against government interference.

Laissez faire is an economic doctrine that government should not interfere in the economic or social regulation of society unless absolutely necessary. Laissez faire assumes that the competitive system of free markets is the best means of allocation of scarce resources between alternative uses.

The Laissez faire doctrine lost popularity in the middle of the twentieth century, with the rise of the welfare state and extensive public ownership of parts of the economy, but has regained favor in recent times.

Laissez faire slogan was popularized by Vincent de Gournay, a French intendant of commerce in the 1750s. Vincent de Gournay the maxim: "Laissez faire et laissez passer" ('Let do and let pass').

Laissez-faire is a term from French and literally means "let do" or "leave it alone." A laissez-faire state has never existed, though the extent of government regulation may vary.

Two rhetorical strategies of laissez-faire
Two ontologically distinct rhetorical strategies of laissez-faire may be distinguished by the way they articulate the individual interest with the general interest. While the reductionist approach naturally issues in a laissez-faire policy prescription, the holistic account is more problematic. - Andy Denis - econpapers.repec.org - Journal of Economic Methodology, 2004, vol. 11, issue 3.

FREE TRADE AND LAISSEZ FAIRE - Deepak Lal, Department of Economics, Univ of California
Examines the century old debate about free trade and laissez-faire that the logical conclusion for the modem theory of trade and welfare, once political economy costs are taken into account is that, as the classical liberals maintained, the case for free trade and laissez-faire hang together.

 

Devolution, multicultural citizenship and race equality: From laissez-faire to nationally responsible policies - Charlotte Williams, Keele University, Philomena De Lima, University of the Highlands and Islands 
This paper argues that devolution represents a significant shift from a laissez-faire politics of race to an agenda of nationally responsible policies.