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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 ).
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".
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]
Laissez-faire is French for "Let them do (what they want)". [4] This style is the least active way of leading people. This leadership style can be seen as the absence of leadership, and is characterized by an attitude avoiding any responsibility. Decision-making is left to the employees themselves, and no rules are fixed.
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Le Chat is an adult, human-sized obese, anthropomorphic cat who typically wears a suit. He always has the same physical expression. He often comes up with elaborate reasonings which lead to hilariously absurd conclusions e.g. by taking metaphors literally or by adding increasingly unlikely what-ifs to ordinary situations.