What does laissez faire mean?

Definitions for laissez faire
ˌlɛs eɪ ˈfɛərlais·sez faire

This dictionary definitions page includes all the possible meanings, example usage and translations of the word laissez faire.

Princeton's WordNet

  1. individualism, laissez faireadjective

    the doctrine that government should not interfere in commercial affairs

  2. individualistic, laissez-faire(a)adjective

    with minimally restricted freedom in commerce

Wiktionary

  1. laissez fairenoun

    A policy of governmental non-interference in economic affairs.

  2. laissez fairenoun

    A policy of non-interference by authority in any competitive process.

  3. laissez faireadjective

    Practicing or representing governmental noninterference, or minimal interference, especially in economic affairs; pertaining to free-market capitalism.

  4. laissez faireadjective

    Advocating such noninterference.

  5. laissez faireadjective

    Resulting from such noninterference.

  6. laissez faireadjective

    Avoiding interference in other people's affairs; choosing to live and let live.

  7. Etymology: From laisser faire

Wikipedia

  1. laissez faire

    Laissez-faire ( LESS-ay-FAIR; from French: laissez faire [lɛse fɛʁ] (listen), 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 transfer payments). As a system of thought, laissez-faire rests on the following axioms: "the individual is the basic unit in society, i.e. the standard of measurement in social calculus; the individual has a natural right to freedom; and the physical order of nature is a harmonious and self-regulating system."Another basic principle of laissez-faire holds that markets should naturally be competitive, a rule that the early advocates of laissez-faire always emphasized. With the aims of maximizing freedom by allowing markets to self-regulate, early advocates of laissez-faire proposed a impôt unique, a tax on land rent (similar to Georgism) to replace all taxes that they saw as damaging welfare by penalizing production.Proponents of laissez-faire argue for a near complete separation of government from the economic sector. The phrase laissez-faire is part of a larger French phrase and literally translates to "let [it/them] do", but in this context the phrase usually means to "let it be" and in expression "laid back". Although never practiced with full consistency, laissez-faire capitalism emerged in the mid-18th century and was further popularized by Adam Smith's book The Wealth of Nations.While associated with capitalism in common usage, there are also non-capitalist forms of laissez-faire, including some forms of market socialism.

ChatGPT

  1. laissez faire

    Laissez faire is a French term which translates to "let do" or "let it be." In an economic context, it refers to a policy or attitude of letting things take their own course, without government interference. It advocates for a minimal role for the state in economic affairs, allowing market forces such as supply and demand to dictate economic outcomes. In a broader sense, it can also refer to a general philosophy of non-interference or non-intervention in various aspects of society or individual lives.

Webster Dictionary

  1. Laissez faire

    noninterference; -- an axiom of some political economists, deprecating interference of government by attempts to foster or regulate commerce, manufactures, etc., by bounty or by restriction; as, the doctrine of laissez faire; the laissez faire system government

  2. Etymology: [F., let alone.]

Suggested Resources

  1. laissez faire

    Song lyrics by laissez faire -- Explore a large variety of song lyrics performed by laissez faire on the Lyrics.com website.

  2. laissez faire

    Read the full text of the Laissez Faire poem by Kurt Philip Behm on the Poetry.com website.

How to pronounce laissez faire?

How to say laissez faire in sign language?

Numerology

  1. Chaldean Numerology

    The numerical value of laissez faire in Chaldean Numerology is: 4

  2. Pythagorean Numerology

    The numerical value of laissez faire in Pythagorean Numerology is: 4

Examples of laissez faire in a Sentence

  1. The Republican attorney general:

    Yet this same administration has been nothing short of laissez-faire in dealing with tens of thousands of migrants that are pouring across our open border and being ferried across our nation during the same world-wide pandemic, this hypocrisy is stunning and fundamentally unfair to American citizens.

  2. AMYNE E. QASEM:

    le laissez-faire va être une chose du passé

  3. Ludwig Mises:

    Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.

  4. Duncan Clark:

    There’s been very much a laissez-faire attitude in the US towards content, even content targeting teenagers and vulnerable people, the Chinese government has been much more leaning into regulation at early stages in the growth of Douyin, particularly protecting younger people.


Translations for laissez faire

From our Multilingual Translation Dictionary

  • Laissez-faireGerman
  • laissez faireGreek
  • laissez-faire, laissez-faire-[[politiikka]]Finnish
  • laisser-faire, laissez-faireFrench
  • afskiptaleysi, afskiptaleysi stjórnvalda, afskiptalausIcelandic
  • 自由放任, レッセフェールJapanese
  • laissez-faireMalay
  • лессе-фер, невмешательствоRussian

Get even more translations for laissez faire »

Translation

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"laissez faire." Definitions.net. STANDS4 LLC, 2024. Web. 28 Mar. 2024. <https://www.definitions.net/definition/laissez+faire>.

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    directed outward; marked by interest in others or concerned with external reality
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