Search results
Results From The WOW.Com Content Network
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 ).
lit. "with juice", referring to a food course served with sauce. Often redundantly formulated, as in 'Open-faced steak sandwich, served with au jus.' No longer used in French, except for the colloquial, être au jus (to be informed). au naturel 1. a. Nude. b. In a natural state: an au naturel hairstyle. 2. Cooked simply.
His best-known work is the comic strip Le Chat (Le Cat in English-language editions [3]), which is one of the ten bestselling Franco-Belgian comics series. [4] [5] Geluck created Le Chat in 1983, for publication in the daily newspaper Le Soir. By 1987, the strip is published in multiple newspapers and the first album in what will become a long ...
Some historians of economics believe that he coined the phrase laissez faire, laissez passer. [1] Evidence was to be found when the French State parted the East India Company privilege (monopoly) on the slave trade. He is also credited with coining the term "bureaucracy".
He believed that laissez-faire capitalism is the only system that allows individuals to express their intersubjective appraisals of goods and services in an open market, thereby creating a nexus of price signals based on the relative exchange ratios between goods.
The system works best when there is a complementary relationship between one person's needs and another person's desires, and so trade restrictions place an unnatural barrier to achieving one's goals. Laissez-faire was popularized by physiocrat Vincent de Gournay who is said to have adopted the term from François Quesnay's writings on China. [10]
A number of laissez-faire consequences have been drawn from interpretations of Say's law. However, Say himself advocated public works to remedy unemployment and criticized Ricardo for neglecting the possibility of hoarding if there was a lack of investment opportunities.
Le Chat (Le Cat in English-language editions [1]) is a Belgian comic strip, created by Philippe Geluck. Foremost published daily in the newspaper Le Soir from March 22, 1983, until March 23, 2013, [ 2 ] it is since issued directly as complete albums.