Definitions for laissez-faire

This page provides all possible meanings and translations of the word laissez-faire

Random House Webster's College Dictionary

lais•sez faireˌlɛs eɪ ˈfɛər(n.)

  1. the theory or system of government that upholds the autonomous character of the economic order, believing that government should intervene as little as possible in the direction of economic affairs.

    Category: Foreign Term, Government

  2. the practice or doctrine of noninterference in the affairs of others, esp. with reference to individual conduct or freedom of action.

    Category: Foreign Term, Government

Origin of laissez faire:

< F: lit., allow to act

lais`sez-faire′(adj.)

Princeton's WordNet

  1. individualism, laissez faire(adj)

    the doctrine that government should not interfere in commercial affairs

  2. individualistic, laissez-faire(a)(adj)

    with minimally restricted freedom in commerce

Freebase

  1. Laissez-faire

    Laissez-faire is an economic environment in which transactions between private parties are free from government restrictions, tariffs, and subsidies, with only enough regulations to protect property rights. The phrase laissez-faire is French and literally means "let [them] do", but it broadly implies "let it be," "let them do as they will," or "leave it alone". Scholars generally believe a laissez-faire state or a completely free market has never existed.

The Nuttall Encyclopedia

  1. Laissez-faire

    the name given to the let-alone system of political economy, in opposition to State interference, or State regulation, in private industrial enterprise.

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