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Laissez-faire (/ ˌ l ɛ s eɪ ˈ f ɛər / LESS-ay-FAIR, from French: laissez faire [lɛse fɛːʁ] ⓘ, lit. ' let do ' ) is a type of economic system in which transactions between private groups of people are free from any form of economic interventionism (such as subsidies or regulations ).
Laissez-faire economists [who?] argue that government intervention is the cause of economic crises, and that left to its devices, the market will adjust efficiently. As for the implication that dislocations cannot cause persistent unemployment, some theories of economic cycles accept Say's law and seek to explain high unemployment in other ways ...
A Beautiful Anarchy: How to Create Your Own Civilization in the Digital Age (2012, Laissez Faire Books, ISBN 978-1-62129-041-4): on the effects of small business regulation; Liberty.me: Freedom Is a Do-It-Yourself Project (2014, Liberty.me, ISBN 978-1-63069-032-8) Bit by Bit: How P2P is Freeing the World (2015, e-book)
[2] Although laissez-faire has been commonly associated with capitalism, there is a similar economic theory associated with socialism called left-wing or socialist laissez-faire, also known as free-market anarchism, free-market anti-capitalism and free-market socialism to distinguish it from laissez-faire capitalism.
It's an inconvenient truth, to borrow a quote from Al Gore, but it's one that investors should heed, if they seek a U.S. economy capable of sustainable GDP growth and an investment stance that's ...
Laissez Faire Books (LFB) was a libertarian bookseller and publisher founded in 1972 by John Muller and Sharon Presley, and originally based in New York City. From 1982 to 2007, Laissez Faire Books operated as a division of the non-profit corporations Center for Independent Thought and Center for Libertarian Thought, both led by Andrea Millen Rich.
The normal economic pattern showed that the global phenomena have been considerably determined the social struggles in countries. The reliance of the movement of laissez-faire on the global situation also generated unavoidable competition which is a cause of weakness of the international state system.
The other was the political doctrine of laissez-faire economics, namely that all coercive government regulation of the market represents unjustified interference, and that economies would perform best with government only playing a defensive role in order to ensure the operation of free markets.