Definitions for laissez-faire
lais·sez-faire

Princeton's WordNetRate this definition:3.0 / 2 votes

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

WikipediaRate this definition:0.0 / 0 votes

1. Laissez-faire

   Laissez-faire (; French: [lɛsefɛʁ] (listen); from French: laissez faire, lit. 'let do') is an economic system in which transactions between private parties are absent of any form of economic interventionism such as regulation and subsidies. As a system of thought, laissez-faire rests on the axioms that the individual is the basic unit in society and has a natural right to freedom; that the physical order of nature is a harmonious and self-regulating system; and that corporations are creatures of the state and therefore the citizens must watch them closely due to their propensity to disrupt the Smithian spontaneous order.These axioms constitute the basic elements of laissez-faire thought. Another basic principle holds that markets should be competitive, a rule that the early advocates of laissez-faire always emphasized. With the aims of maximizing freedom and of allowing markets to self-regulate, early advocates of laissez-faire proposed a impôt unique, a tax on land rent to replace all taxes that they saw as damaging welfare by penalizing production.Proponents of laissez-faire argue for a 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". Laissez-faire capitalism started being practiced in the mid-18th century and was further popularized by Adam Smith's book The Wealth of Nations. It has been most prominent in Britain and the United States in the 19th century. While associated with capitalism in common usage, there are also non-capitalist forms of laissez-faire, including some forms of market socialism.

WikidataRate this definition:3.7 / 3 votes

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.

Chambers 20th Century DictionaryRate this definition:5.0 / 1 vote

1. Laissez-faire

   lās′ā-fār′, n. a letting alone, a general principle of non-interference with the free action of the individual: the let-alone principle in government, business, &c.—Also Laiss′er-faire′. [Fr. laisser—L. laxāre, to relax, faire—L. facĕre, to do.]

The Nuttall EncyclopediaRate this definition:0.0 / 0 votes

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.

How to pronounce laissez-faire?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

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. 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.

3. AMYNE E. QASEM:

   le laissez-faire va être une chose du passé

4. 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.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=laissez-faire
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Laissez-Faire
3. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=laissez-faire
4. ^ Chambers 20th Century Dictionary
   https://www.gutenberg.org/files/37683/37683-h/37683-h.htm#:~:text=laissez-faire
5. ^ The Nuttall Encyclopedia
   https://www.gutenberg.org/cache/epub/12342/pg12342-images.html#Laissez-Faire