Laissez-faire: Wikis

  
  

Encyclopedia

From Wikipedia, the free encyclopedia

Part of the series on
.In economics, laissez-faire (English pronunciation: /ˌlɛseɪˈfɛər/  ( listen), French: [lɛsefɛʁ]  ( listen)) means allowing industry to be free of state intervention, especially restrictions in the form of tariffs and government monopolies.^ Laissez faire: "allow to act" from French 1815-1825.
  • LAISSEZ FAIRE, ETYMOLOGY, LINGUISTICS, LANGUAGE IN LIBERTARIANISM- learn the language of liberty, liberty and language secrets, a LibertarianThink Tank with etymologist Dr. Rex Curry regarding Libertarian Linguisticshttp://rexcurry.net/swastika3clear.jpg Libertarian Lexicon, Plural Pronounsshould be avoided. 14 January 2010 12:41 UTC www.rexcurry.net [Source type: Original source]

^ If this was laissez-faire, the French government would not have broken up that monopoly.
  • France Demonstrates Benefit Of Broadband Laissez-Faire | Techdirt 14 January 2010 12:41 UTC www.techdirt.com [Source type: Original source]

^ What does laissez-faire mean?
  • laissez-faire Facts, information, pictures | Encyclopedia.com articles about laissez-faire 14 January 2010 12:41 UTC www.encyclopedia.com [Source type: Academic]
  • Democrats & Liberals: The Laissez-Faire Song 14 January 2010 12:41 UTC www.watchblog.com [Source type: Original source]

The phrase is French and literally means "let do", though it broadly implies "let it be" or "leave it alone."
.Laissez faire, telle devrait être la devise de toute puissance publique, depuis que le monde est civilisé  . . .^ 'Laissez faire, telle devrait être la devise de toute puissance publique, depuis que le monde est civilisé.’ ‘Détestable principe que celui de ne vouloir grandeur que par l'abaissement de nos voisins!
  • John Maynard Keynes: The end of laissez-faire (1926) 14 January 2010 12:41 UTC www.panarchy.org [Source type: Original source]

^ Foulard de la semaine Laissez-faire Monday, already?
  • Une femme d'un certain age: Laissez-faire 14 January 2010 12:41 UTC www.unefemme.net [Source type: FILTERED WITH BAYES]

^ Sometimes a phrase was added suggesting the social theory behind the slogan: le monde va de lui même--the world goes by itself.
  • LAISSEZ FAIRE, ETYMOLOGY, LINGUISTICS, LANGUAGE IN LIBERTARIANISM- learn the language of liberty, liberty and language secrets, a LibertarianThink Tank with etymologist Dr. Rex Curry regarding Libertarian Linguisticshttp://rexcurry.net/swastika3clear.jpg Libertarian Lexicon, Plural Pronounsshould be avoided. 14 January 2010 12:41 UTC www.rexcurry.net [Source type: Original source]

.Détestable principe que celui de ne vouloir grandir que par l'abaissement de nos voisins!^ 'Detestable principe que celui de ne vouloir grandeur que par l'abaissement de nos voisins!
  • The end of laissez-faire 14 January 2010 12:41 UTC phare.univ-paris1.fr [Source type: Original source]

^ Il n'y a que la mchancet et la malignit du cœur de satisfaites dans ce principe, et l'intrt y est oppos.
  • The end of laissez-faire 14 January 2010 12:41 UTC phare.univ-paris1.fr [Source type: Original source]

^ 'Laissez faire, telle devrait être la devise de toute puissance publique, depuis que le monde est civilisé.’ ‘Détestable principe que celui de ne vouloir grandeur que par l'abaissement de nos voisins!
  • John Maynard Keynes: The end of laissez-faire (1926) 14 January 2010 12:41 UTC www.panarchy.org [Source type: Original source]

.Il n'y a que la méchanceté et la malignité du coeur de satisfaites dans ce principe, et l’intérêt y est opposé.^ Il n'y a que la mchancet et la malignit du cœur de satisfaites dans ce principe, et l'intrt y est oppos.
  • The end of laissez-faire 14 January 2010 12:41 UTC phare.univ-paris1.fr [Source type: Original source]

^ Il n'y a que la méchanceté et la malignité du coeur de satisfaites dans ce principe, et l’intérêt y est opposé.
  • John Maynard Keynes: The end of laissez-faire (1926) 14 January 2010 12:41 UTC www.panarchy.org [Source type: Original source]

^ 'Laissez faire, telle devrait tre la devise de toute puissance publique, depuis que le monde est civilis.'
  • The end of laissez-faire 14 January 2010 12:41 UTC phare.univ-paris1.fr [Source type: Original source]

.Laissez faire, morbleu!^ Laissez faire, Morbleu!
  • The end of laissez-faire 14 January 2010 12:41 UTC phare.univ-paris1.fr [Source type: Original source]

^ Laissez faire, morbleu!
  • John Maynard Keynes: The end of laissez-faire (1926) 14 January 2010 12:41 UTC www.panarchy.org [Source type: Original source]

Laissez faire!!
.(Let it be, such should be the motto of every public power, ever since the world is civilized  . . .^ For example, since the late 1970s and early 1980s right-wing capitalist parties have taken power in many countries across the world.
  • C.9 Would laissez-faire capitalism reduce unemployment, as supporters of "free market" capitalism claim? 14 January 2010 12:41 UTC www.spunk.org [Source type: Original source]
  • C.9 Would laissez-faire capitalism reduce unemployment? | Anarchist Writers 14 January 2010 12:41 UTC anarchism.pageabode.com [Source type: Original source]

^ They were invented and existed in virtually every civilization that ever developed, because the economics of human powered civilization require them.
  • Laissez-Faire Socialism, Part Two | Conceptual Guerilla 14 January 2010 12:41 UTC www.conceptualguerilla.com [Source type: General]

^ "This Perfect Day" should rank with other collectivist-dystopian works such as Orwell's "1984" and with Huxley's "Brave New World."
  • LAISSEZ FAIRE, ETYMOLOGY, LINGUISTICS, LANGUAGE IN LIBERTARIANISM- learn the language of liberty, liberty and language secrets, a LibertarianThink Tank with etymologist Dr. Rex Curry regarding Libertarian Linguisticshttp://rexcurry.net/swastika3clear.jpg Libertarian Lexicon, Plural Pronounsshould be avoided. 14 January 2010 12:41 UTC www.rexcurry.net [Source type: Original source]

A detestable principle that we cannot grow but by the lowering of our neighbors! .There is nothing but mischief and malignity of heart that are satisfied with that principle, and interest is opposed to it.^ There is nothing in libertarian principles or the theory of the laissez-faire constitutional republic which dictates such matters.
  • "Sam's "Politically Incorrect" Pages for the Laissez-Faire Republic and Against Coercive Left-wing Busybodyism" 14 January 2010 12:41 UTC laissez-fairerepublic.com [Source type: FILTERED WITH BAYES]

Let it be, damn it! Let it be!!)
According to historical myths, the phrase stems from a meeting c. .1680 between the powerful French finance minister Jean-Baptiste Colbert and a group of French businessmen led by a certain M. Le Gendre.^ The libertarian Ralph Raico recounts a story about the famous French mercantilist minister, Colbert, who once asked a group of businessmen what he could do for them.
  • LAISSEZ FAIRE, ETYMOLOGY, LINGUISTICS, LANGUAGE IN LIBERTARIANISM- learn the language of liberty, liberty and language secrets, a LibertarianThink Tank with etymologist Dr. Rex Curry regarding Libertarian Linguisticshttp://rexcurry.net/swastika3clear.jpg Libertarian Lexicon, Plural Pronounsshould be avoided. 14 January 2010 12:41 UTC www.rexcurry.net [Source type: Original source]

^ And it comes to us through history as advice offered to Jean Baptiste Colbert, finance minister under the French King Louis XIV in the 17th century.
  • Laissez-faire » 2008 » April 14 January 2010 12:41 UTC conservablogs.com [Source type: Original source]
  • Starbucks and 'Laissez Faire' - WSJ.com 14 January 2010 12:41 UTC online.wsj.com [Source type: General]

^ I believe there is actually a power struggle going on in the Vatican between the progressives and the ultra-traditionalists, with swing middle group.
  • Talk To Action | The Catholic Right, Part IV: William Donohue And The Politics Of The Catholic League 14 January 2010 12:41 UTC www.talk2action.org [Source type: General]

.When the eager mercantilist minister asked how the French state could be of service to the merchants, Le Gendre replied simply "Laissez-nous faire" ('Leave us be', lit.^ But how is this an example of laissez-faire?
  • France Demonstrates Benefit Of Broadband Laissez-Faire | Techdirt 14 January 2010 12:41 UTC www.techdirt.com [Source type: Original source]

^ 'Laissez faire, telle devrait tre la devise de toute puissance publique, depuis que le monde est civilis.'
  • The end of laissez-faire 14 January 2010 12:41 UTC phare.univ-paris1.fr [Source type: Original source]

^ And it comes to us through history as advice offered to Jean Baptiste Colbert, finance minister under the French King Louis XIV in the 17th century.
  • Laissez-faire » 2008 » April 14 January 2010 12:41 UTC conservablogs.com [Source type: Original source]
  • Starbucks and 'Laissez Faire' - WSJ.com 14 January 2010 12:41 UTC online.wsj.com [Source type: General]

'Let us do').[1]
.The laissez faire slogan was popularised by Vincent de Gournay, a French intendant of commerce in the 1750s.^ 'Laissez faire, telle devrait tre la devise de toute puissance publique, depuis que le monde est civilis.'
  • The end of laissez-faire 14 January 2010 12:41 UTC phare.univ-paris1.fr [Source type: Original source]

^ According to the doctrine of laissez-faire, meaning to leave alone in French, an economy functions most efficiently without any interference of the government.
  • ECONOMY: Global Crisis Should Spell End of Laissez-Faire Doctrine - IPS ipsnews.net 14 January 2010 12:41 UTC ipsnews.net [Source type: News]

^ Laissez faire: "allow to act" from French 1815-1825.
  • LAISSEZ FAIRE, ETYMOLOGY, LINGUISTICS, LANGUAGE IN LIBERTARIANISM- learn the language of liberty, liberty and language secrets, a LibertarianThink Tank with etymologist Dr. Rex Curry regarding Libertarian Linguisticshttp://rexcurry.net/swastika3clear.jpg Libertarian Lexicon, Plural Pronounsshould be avoided. 14 January 2010 12:41 UTC www.rexcurry.net [Source type: Original source]

.Gournay was an ardent proponent of the removal of restrictions on trade and the deregulation of industry and economic prosperity in France.^ Hoover was particularly interested in removing antitrust limitations on industrial cooperation in such restrictive measures.
  • HERBERT HOOVER AND THE MYTH OF LAISSEZ-FAIRE (1) 14 January 2010 12:41 UTC www.quebecoislibre.org [Source type: FILTERED WITH BAYES]

^ In defence of these policies, their proponents point to the low unemployment rates of the USA and UK and contrast them to the claimed economic woes of Europe (particularly France and Germany).
  • C.9 Would laissez-faire capitalism reduce unemployment? | Anarchist Writers 14 January 2010 12:41 UTC anarchism.pageabode.com [Source type: Original source]

.Gournay was delighted by the LeGendre anecdote, and forged it into a larger maxim all his own: "Laissez faire et laissez passer" ('Let do and let pass').^ So why aren't we all laissez faire?
  • France Demonstrates Benefit Of Broadband Laissez-Faire | Techdirt 14 January 2010 12:41 UTC www.techdirt.com [Source type: Original source]

^ The full phrase, "laissez-faire, laissez-passer," is credited to Vincent de Gournay, and in modern translation means "let people do as they please without government interference."

^ Laissez-faire - Literally, "let do"; a policy advocating the minimisation of government intervention in a market economy.
  • L - Labour to Lump sum tax - Dictionary 14 January 2010 12:41 UTC www.tuition.com.hk [Source type: FILTERED WITH BAYES]

.His motto has also been identified as the longer "Laissez faire et laissez passer, le monde va de lui même!"^ Laissez le rouleau de liberté!
  • LAISSEZ FAIRE, ETYMOLOGY, LINGUISTICS, LANGUAGE IN LIBERTARIANISM- learn the language of liberty, liberty and language secrets, a LibertarianThink Tank with etymologist Dr. Rex Curry regarding Libertarian Linguisticshttp://rexcurry.net/swastika3clear.jpg Libertarian Lexicon, Plural Pronounsshould be avoided. 14 January 2010 12:41 UTC www.rexcurry.net [Source type: Original source]

^ 'Laissez faire, telle devrait être la devise de toute puissance publique, depuis que le monde est civilisé.’ ‘Détestable principe que celui de ne vouloir grandeur que par l'abaissement de nos voisins!
  • John Maynard Keynes: The end of laissez-faire (1926) 14 January 2010 12:41 UTC www.panarchy.org [Source type: Original source]

^ 'Laissez faire, telle devrait tre la devise de toute puissance publique, depuis que le monde est civilis.'
  • The end of laissez-faire 14 January 2010 12:41 UTC phare.univ-paris1.fr [Source type: Original source]

('Let do and let pass, the world goes on by itself!'). .Although Gournay left no written tracts on his economic policy ideas, he had immense personal influence on the thinking of his contemporaries, notably the physiocrats, who credit both the 'laissez-faire' slogan and doctrine to Gournay.^ When did the idea of laissez-faire begin?
  • laissez-faire Facts, information, pictures | Encyclopedia.com articles about laissez-faire 14 January 2010 12:41 UTC www.encyclopedia.com [Source type: Academic]

^ Who popularized laissez-faire?
  • laissez-faire Facts, information, pictures | Encyclopedia.com articles about laissez-faire 14 January 2010 12:41 UTC www.encyclopedia.com [Source type: Academic]

^ What would a laissez-faire policy have been?
  • Laissez Faire – Not! 14 January 2010 12:41 UTC cafehayek.com [Source type: Original source]

[2]
.Prior to Gournay, P.S. de Boisguilbert, had enunciated the phrase "on laisse faire la nature" ('let nature run its course').^ 'Laissez faire, telle devrait tre la devise de toute puissance publique, depuis que le monde est civilis.'
  • The end of laissez-faire 14 January 2010 12:41 UTC phare.univ-paris1.fr [Source type: Original source]

^ Laissez-faire " comes from a French phrase meaning "let us do," or "let us work" -- let us do what we do best.
  • Laissez-Faire Capitalism -- Non-Violent Private Property Conquering Poverty and PromotingHumane Values 14 January 2010 12:41 UTC laissez-fairecapitalism.com [Source type: Original source]

^ The great Turgot attributed the rule laissez faire, laissez passer--leave things alone, let goods pass through--to Gournay.
  • LAISSEZ FAIRE, ETYMOLOGY, LINGUISTICS, LANGUAGE IN LIBERTARIANISM- learn the language of liberty, liberty and language secrets, a LibertarianThink Tank with etymologist Dr. Rex Curry regarding Libertarian Linguisticshttp://rexcurry.net/swastika3clear.jpg Libertarian Lexicon, Plural Pronounsshould be avoided. 14 January 2010 12:41 UTC www.rexcurry.net [Source type: Original source]

[3] .Laissez-faire was one of a number of French "free trade" and "non-interference" slogans coined in the seventeenth century.^ According to the doctrine of laissez-faire, meaning to leave alone in French, an economy functions most efficiently without any interference of the government.
  • ECONOMY: Global Crisis Should Spell End of Laissez-Faire Doctrine - IPS ipsnews.net 14 January 2010 12:41 UTC ipsnews.net [Source type: News]

^ Manufacturers—then as now—usually took the position that government should not interfere with the workings of the “free market.” Manufacturers found support for their laissez-faire positions in the speeches and writings of the leading academic experts of the day.
  • Yale Professor William Graham Sumner Prescribes Laissez-Faire for Depression Woes 14 January 2010 12:41 UTC historymatters.gmu.edu [Source type: Original source]

^ The so-called Manchester school of economics, especially Richard Cobden and John Bright, popularized the doctrines of free trade and laissez-faire, which, after initially being considered radical doctrines, were becoming the accepted theory of classical economics.
  • laissez-faire Facts, information, pictures | Encyclopedia.com articles about laissez-faire 14 January 2010 12:41 UTC www.encyclopedia.com [Source type: Academic]

.D'Argenson, during this time, was better known for the similar but less-celebrated motto "Pas trop gouverner" ("Govern not too much").^ To govern better, he said, one must govern less.
  • John Maynard Keynes: The end of laissez-faire (1926) 14 January 2010 12:41 UTC www.panarchy.org [Source type: Original source]
  • The end of laissez-faire 14 January 2010 12:41 UTC phare.univ-paris1.fr [Source type: Original source]

[4]
.The first known English-language use of "laissez faire" in economics was in 1774, by George Whatley, in the book Principles of Trade, which was co-authored with Benjamin Franklin.^ But the principles of laissez-faire have had other allies besides economic textbooks.
  • John Maynard Keynes: The end of laissez-faire (1926) 14 January 2010 12:41 UTC www.panarchy.org [Source type: Original source]
  • The end of laissez-faire 14 January 2010 12:41 UTC phare.univ-paris1.fr [Source type: Original source]

^ By 1980, the results of laissez faire were known.

^ You've got to be kidding Newspaper article from: Deseret News (Salt Lake City); 11/5/2008; ; 700+ words ; ...has a culture that celebrates laissez - faire capitalism as the economic ideal...First, let's establish what laissez - faire capitalism is.
  • laissez-faire Facts, information, pictures | Encyclopedia.com articles about laissez-faire 14 January 2010 12:41 UTC www.encyclopedia.com [Source type: Academic]

.Notably, classical economists, such as Thomas Malthus, Adam Smith[5] and David Ricardo, did not use the term.^ But to use such a term in reference to that period is an utter travesty.
  • Chapter Five--The State and Capitalism in the "Laissez-Faire" Era 14 January 2010 12:41 UTC mutualist.org [Source type: Original source]

^ But there is another motif, which exists in Mises as well as in classical liberalism from Adam Smith onward.
  • The Laissez-Faire Radical: A Quest for the Historical Mises by Murray N. Rothbard 14 January 2010 12:41 UTC www.lewrockwell.com [Source type: Original source]

^ [Tucker, 37] Thus did complexity theorists confirm that Adam Smith was right.
  • Lesser Known Economists 14 January 2010 12:41 UTC www.westga.edu [Source type: FILTERED WITH BAYES]

.Jeremy Bentham used the term, but only with the advent of the Anti-Corn Law League did the term receive much of its (English) meaning.^ What did Jeremy Bentham do to the meaning of laissez-faire?
  • laissez-faire Facts, information, pictures | Encyclopedia.com articles about laissez-faire 14 January 2010 12:41 UTC www.encyclopedia.com [Source type: Academic]

^ It does not matter that "the useful idiot" to be held out as a victim of anti-Catholicism is hostile to current Church teachings, only that he can be employed as a tool to stifle dissent.
  • Talk To Action | The Catholic Right, Part IV: William Donohue And The Politics Of The Catholic League 14 January 2010 12:41 UTC www.talk2action.org [Source type: General]

^ Neo-conservatives use “liberal” as a pejorative to tar their enemies as spend-thrifts of government money, thus capitalizing on the meaning of the English adjective form of the word.
  • U.S. Political Glossary 14 January 2010 12:41 UTC www.killian.com [Source type: Original source]

[6] .Nonetheless, it was probably James Mill's reference to the "laissez-faire" maxim (together with "pas trop gouverner") in an 1824 entry for Encyclopedia Britannica that really brought the term into wider English usage.^ "When precisely used," wrote Jones, "laissez-faire refers to a systematic economic theory; when the concept is used casually and applied to phenomena that are not strictly economic, one risks explaining away the concrete realities of history."
  • MANUEL CACHÁN | Justice Stephen Field and "Free Soil, Free Labor Constitutionalism": Reconsidering Revisionism | Law and History Review, 20.3 | The History Cooperative 14 January 2010 12:41 UTC www.historycooperative.org [Source type: Original source]

^ Eventually, said Progressives, the conservative wing of the Court had succeeded in inserting its laissez-faire economic views into the Constitution.
  • MANUEL CACHÁN | Justice Stephen Field and "Free Soil, Free Labor Constitutionalism": Reconsidering Revisionism | Law and History Review, 20.3 | The History Cooperative 14 January 2010 12:41 UTC www.historycooperative.org [Source type: Original source]

^ In the hands of Jeremy Bentham the doctrine of laissez-faire became a philosophy of individualism and of utilitarian ethics, and John Stuart Mill brought it to what was probably its highest point.
  • laissez-faire Facts, information, pictures | Encyclopedia.com articles about laissez-faire 14 January 2010 12:41 UTC www.encyclopedia.com [Source type: Academic]

.Adam Smith first used the metaphor of an "invisible hand" in his book The Theory of Moral Sentiments to describe the unintentional effects of economic self organization from economic self interest.^ A professor of moral philosophy at Glasgow University, Smith first referred to the invisible hand in an earlier book, The Theory of Moral Sentiments .
  • Lesser Known Economists 14 January 2010 12:41 UTC www.westga.edu [Source type: FILTERED WITH BAYES]

^ Smith's famous book Wealth of Nations (1776) had advocated removing the tariffs, customs and other restrictions which nations traditionally used to advantage their own goods.

^ Politicians of all parties have, he writes, been locked with disastrous effect into a neoclassical economics which assumes that everyone is driven by self-interest and nothing else.
  • It's au revoir to the days of laissez faire | Rachel Sylvester - Times Online 14 January 2010 12:41 UTC www.timesonline.co.uk [Source type: News]

[7] .Some have characterized this metaphor as one for laissez-faire,[8] but Smith himself never used the term laissez-faire, and likely intended something somewhat different.^ As David Schweickart concludes: "The costs of unemployment, whether measured in terms of the cold cash of lost production and lost taxes or in the hotter unions of alienation, violence, and despair, are likely to be large under Laissez Faire."
  • C.9 Would laissez-faire capitalism reduce unemployment, as supporters of "free market" capitalism claim? 14 January 2010 12:41 UTC www.spunk.org [Source type: Original source]

^ Socialism could never have done these things, so we say to socialists, "Laissez-faire!"
  • Laissez-Faire Capitalism -- Non-Violent Private Property Conquering Poverty and PromotingHumane Values 14 January 2010 12:41 UTC laissez-fairecapitalism.com [Source type: Original source]
  • Capitalism vs. Socialism -- KEVIN CRAIG for Congress 14 January 2010 12:41 UTC kevincraig.us [Source type: Original source]

^ Laissez-faire as a doctrine is much larger than the definition given it in economics and, according to some theorists, is at the heart of the United States constitutionally.
  • Direction: Understanding Profits from the Christian Perspective [Perspective II] 14 January 2010 12:41 UTC www.directionjournal.org [Source type: Original source]

[5]

Contents

History of laissez-faire debate

China

.During the Han, Tang, Song, and Ming dynasties, Chinese scholar-officials would often debate about the interference the government should have in the economy, such as setting monopolies in lucrative industries and instating price controls.^ What may work at a Turkish bazaar to set prices has nothing to do with how a $12 Trillion dollar economy should be run.
  • Polemic® » Laissez-faire, rinse repeat. 14 January 2010 12:41 UTC polemicmag.net [Source type: General]

^ With depression looming as a continual threat to the U.S. economy in the late 19th century, Americans debated how the government should respond to hard times—a question still unanswered today.
  • Yale Professor William Graham Sumner Prescribes Laissez-Faire for Depression Woes 14 January 2010 12:41 UTC historymatters.gmu.edu [Source type: Original source]

^ This is because he believes that, markets sometimes lock in an inferior technology, such as the VHS, and he thinks the government should intervene to prevent this.
  • Lesser Known Economists 14 January 2010 12:41 UTC www.westga.edu [Source type: FILTERED WITH BAYES]

.Such debates were often heated with Confucian factions tending to oppose extensive government controls and "Reform" factions favoring such moves.^ The government controls may have resulted in high profits for favored firms, but did they really increase the wealth of the nation?
  • Laissez Faire as a Development Policy | The Freeman | Ideas On Liberty 14 January 2010 12:41 UTC www.thefreemanonline.org [Source type: FILTERED WITH BAYES]

^ The socialist regimes that have arisen in the wake of decolonization are often reflective of government controls employed by colonial powers.
  • Laissez Faire as a Development Policy | The Freeman | Ideas On Liberty 14 January 2010 12:41 UTC www.thefreemanonline.org [Source type: FILTERED WITH BAYES]

.During the Han and Tang, emperors sometimes instated government monopolies in times of war, and abolished them later when the fiscal crisis had passed.^ The attitude is that the New Deal is the best model we have for what government must do for weak members of society, in both times of crisis and times of stability.
  • Laissez-faire Is More : The New Yorker 14 January 2010 12:41 UTC www.newyorker.com [Source type: General]

.Eventually, in the later Song and Ming dynasties, state monopolies were abolished in every industry and were never reinstated during the length of that dynasty.^ I stated during the campaign that if Obama came through on his campaign promises he would never have a problem or a hitch in his presidency and would go down as a great historical figure.
  • Democrats & Liberals: The Laissez-Faire Song 14 January 2010 12:41 UTC www.watchblog.com [Source type: Original source]

^ The American Construction Council was formed in response to the hounding of the New York construction industry by state and federal authorities during the depression of 19201921.
  • Herbert Hoover's Depression by Murray N. Rothbard 14 January 2010 12:41 UTC www.lewrockwell.com [Source type: FILTERED WITH BAYES]

^ The American Construction Council was formed in response to the hounding of the New York construction industry by state and federal authorities during the depression of 1920–1921.
  • Hoover's Attack on Laissez-Faire - Murray N. Rothbard - Mises Institute 14 January 2010 12:41 UTC mises.org [Source type: FILTERED WITH BAYES]

During the Qing Dynasty, state monopolies were reinstated.[9]

Europe

.In Britain, in 1843, the newspaper The Economist was founded, and became an influential voice for laissez-faire capitalism.^ A Wisdom Archive on laissez-faire capitalism .

^ So, will laissez-faire capitalism be stable?
  • F.10 Would laissez-faire capitalism be stable? 14 January 2010 12:41 UTC flag.blackened.net [Source type: Original source]

^ ARTICLES RELATED TO laissez-faire capitalism .

[10] .In response to the Irish famine of 1846-1849, in which over 1.5 million people died of starvation, they argued that for the government to supply free food for the Irish would violate natural law.^ Left free to pursue value, people are more likely to achieve it than if they are channeled toward what some government expert believes will benefit the society.
  • Laissez Faire as a Development Policy | The Freeman | Ideas On Liberty 14 January 2010 12:41 UTC www.thefreemanonline.org [Source type: FILTERED WITH BAYES]

^ What made them think they could centrally manage the myriad small contracts and agreements that naturally occur among people, and manage this in a nation of 200 million people?
  • Laissez-Faire Socialism, Part Two | Conceptual Guerilla 14 January 2010 12:41 UTC www.conceptualguerilla.com [Source type: General]

^ If socialism is a violation of basic economic laws, then our concept of "the government" must be repudiated.
  • Capitalism vs. Socialism -- KEVIN CRAIG for Congress 14 January 2010 12:41 UTC kevincraig.us [Source type: Original source]

Clarendon, the Lord Lieutenant of Ireland, wrote, "I don't think there is another legislature in Europe that would disregard such suffering."[11] The group calling itself the Manchester Liberals, to which Richard Cobden and Richard Wright belonged, were staunch defenders of free trade, and their work was carried on, after the death of Richard Cobden in 1866, by the The Cobden Club.[12] .In 1867, a free trade treaty was signed between Britain and France, after which several of these treaties were signed among other European countries.^ A trade agreement between the Philippines and the United States, signed in 1955 and expired in 1974, whereby Americans were given some of the same rights as Filipinos within the Philippines.
  • International Economics Glossary: L 14 January 2010 12:41 UTC www-personal.umich.edu [Source type: FILTERED WITH BAYES]

^ That depends on whether people are free to explore their way ahead, to own property, to invest for the long term, to conclude private agree ments, and to trade with others.
  • Capitalism vs. Socialism -- KEVIN CRAIG for Congress 14 January 2010 12:41 UTC kevincraig.us [Source type: Original source]

^ In the case of Britain and a host of other countries (and more recently in the cases of Japan and the Newly Industrialising Countries of the Far East, like Korea) state intervention was, oddly enough, the key to development and success in the "free market."
  • D.1 Why does state intervention occur? 14 January 2010 12:41 UTC flag.blackened.net [Source type: Original source]

.British laissez-faire was not absolute.^ Unsurprisingly, right-libertarians combine their support for "absolute property rights" with a whole-hearted support for laissez-faire capitalism.
  • F.10 Would laissez-faire capitalism be stable? 14 January 2010 12:41 UTC flag.blackened.net [Source type: Original source]

^ Cover Table of Contents Introduction: The Scholarly Debate over British Laissez Faire I. The Economic Policies of the Classical Economists II. The "Age of Laissez Faire" and Benthamism A. Was There an "Age of Laissez Faire?"
  • Paul, Laissez Faire in Nineteenth-Century Britain, Fact or Myth?, continued | Library of Economics and Liberty 14 January 2010 12:41 UTC www.econlib.org [Source type: Original source]
  • Paul, Laissez Faire in Nineteenth-Century Britain, Fact or Myth?, Bibliography | Library of Economics and Liberty 14 January 2010 12:41 UTC www.econlib.org [Source type: Academic]

^ Moral Revolution and Economic Science: The Demise of Laissez-Faire in Nineteenth-Century British Political Economy.
  • Paul, Laissez Faire in Nineteenth-Century Britain, Fact or Myth?, Bibliography | Library of Economics and Liberty 14 January 2010 12:41 UTC www.econlib.org [Source type: Academic]

.The United Kingdom company law,[13] the Limited Liability Act 1855, and the Joint Stock Companies Act 1856 were exceptions.^ But even here, the evidence is not conclusive in the areas of banking, patents, bankruptcy, weights and measures, and joint-stock companies.
  • Paul, Laissez Faire in Nineteenth-Century Britain, Fact or Myth?, continued | Library of Economics and Liberty 14 January 2010 12:41 UTC www.econlib.org [Source type: Original source]

.Austrian scholars consider that laissez-faire was never the main doctrine of any nation, and at the end of the 19th century, European countries would find themselves taking up economic protectionism and interventionism again.^ If this was laissez-faire, the French government would not have broken up that monopoly.
  • France Demonstrates Benefit Of Broadband Laissez-Faire | Techdirt 14 January 2010 12:41 UTC www.techdirt.com [Source type: Original source]

^ What would a laissez-faire policy have been?
  • Laissez Faire – Not! 14 January 2010 12:41 UTC cafehayek.com [Source type: Original source]

^ That doctrine was laissez-faire capitalism.
  • Polemic® » Laissez-faire, rinse repeat. 14 January 2010 12:41 UTC polemicmag.net [Source type: General]

France for example, started cancelling its free trade agreements with other European countries in 1890. Germany's protectionism started (again) with a December 1878 letter from Bismarck, resulting in the iron and rye tariff of 1879.

United States

The Federal reserve, headquarters in Eccles Building is criticized by laissez-faireists as the cause of business cycles.
.Although the period before the New Deal was notable for the limited extent of the federal government, the Austrian School suggest that there was a considerable degree of government intervention in the economy—particularly after the 1860s.^ While the government did not greatly intervene in the 19201921 recession, there were enough ominous seeds of the later New Deal.
  • Herbert Hoover's Depression by Murray N. Rothbard 14 January 2010 12:41 UTC www.lewrockwell.com [Source type: FILTERED WITH BAYES]

^ While the government did not greatly intervene in the 1920–1921 recession, there were enough ominous seeds of the later New Deal.
  • Hoover's Attack on Laissez-Faire - Murray N. Rothbard - Mises Institute 14 January 2010 12:41 UTC mises.org [Source type: FILTERED WITH BAYES]

^ The advocates of a strong government role in directing economic development frequently write and speak as if there is no alternative to government intervention.
  • Laissez Faire as a Development Policy | The Freeman | Ideas On Liberty 14 January 2010 12:41 UTC www.thefreemanonline.org [Source type: FILTERED WITH BAYES]

.Notable examples of government intervention in the period prior to the Civil War include the establishment of the First Bank of the United States and Second Bank of the United States as well as various protectionist measures (e.g., the tariff of 1828).^ Comparing, for example, the United States with the United Kingdom, in the 1960s the United States averaged 4.8 per cent, with the United Kingdom at 1.9 per cent; in the 1970s the United States rate rose to 6.1 per cent, with the United Kingdom rising to 4.3 per cent, and it was only in the 1980s that the ranking was reversed with the United States at 7.2 per cent and the United Kingdom at 10 per cent.
  • C.9 Would laissez-faire capitalism reduce unemployment, as supporters of "free market" capitalism claim? 14 January 2010 12:41 UTC www.spunk.org [Source type: Original source]
  • C.9 Would laissez-faire capitalism reduce unemployment? | Anarchist Writers 14 January 2010 12:41 UTC anarchism.pageabode.com [Source type: Original source]

^ Hoover's opposition to foreign "monopoly" did not of course prevent him from supporting a protective tariff in the United States, thus providing privilege to American domestic as well as export firms.
  • HERBERT HOOVER AND THE MYTH OF LAISSEZ-FAIRE (1) 14 January 2010 12:41 UTC www.quebecoislibre.org [Source type: FILTERED WITH BAYES]

^ When Hoover returned to the United States after the war and a long stay abroad, he came armed with a suggested "Reconstruction Program."
  • Hoover's Attack on Laissez-Faire - Murray N. Rothbard - Mises Institute 14 January 2010 12:41 UTC mises.org [Source type: FILTERED WITH BAYES]
  • Herbert Hoover's Depression by Murray N. Rothbard 14 January 2010 12:41 UTC www.lewrockwell.com [Source type: FILTERED WITH BAYES]

.Several of these proposals met with serious opposition, and required a great deal of horse trading to be enacted into law.^ Since trade naturally requires transport, the costs of transport enter into the calculation of the efficiency of trade.
  • Chapter Five--The State and Capitalism in the "Laissez-Faire" Era 14 January 2010 12:41 UTC mutualist.org [Source type: Original source]

^ The end of the slave trade, too, was calculated to deal a great blow to England and her West Indian colonies.
  • Chapter Four, Utilitarianism, Laissez Faire and Individualism 14 January 2010 12:41 UTC www.weisbord.org [Source type: Original source]

.For instance, the First National Bank would not have reached the desk of President George Washington in the absence of an agreement that was reached between Alexander Hamilton and several southern members of Congress to locate the capital in the District of Columbia.^ First, one gets a certificate which gives permission to raise capital for the bank and outlines what conditions need to be met in order to receive a charter.
  • Chapter Five--The State and Capitalism in the "Laissez-Faire" Era 14 January 2010 12:41 UTC mutualist.org [Source type: Original source]

^ The question arises, would "pure" capitalism generate sufficient market controls to stop banks loaning in excess of available savings (i.e.
  • F.10 Would laissez-faire capitalism be stable? 14 January 2010 12:41 UTC flag.blackened.net [Source type: Original source]

^ They believe that the Congress of the United States has the power, under the constitution, to abolish slavery in the District of Columbia, but that the power ought not to be exercised, unless at the request of the people of the District."
  • Chapter Four, Utilitarianism, Laissez Faire and Individualism 14 January 2010 12:41 UTC www.weisbord.org [Source type: Original source]

.In contrast to Hamilton and the Federalists was the opposing political party the Democratic-Republicans.^ Never say “republican” or “democrat” and always say “the old parties” when speaking collectively, or “republican-socialists” and “democrat-socialists” if speaking of either old party separately.
  • LAISSEZ FAIRE, ETYMOLOGY, LINGUISTICS, LANGUAGE IN LIBERTARIANISM- learn the language of liberty, liberty and language secrets, a LibertarianThink Tank with etymologist Dr. Rex Curry regarding Libertarian Linguisticshttp://rexcurry.net/swastika3clear.jpg Libertarian Lexicon, Plural Pronounsshould be avoided. 14 January 2010 12:41 UTC www.rexcurry.net [Source type: Original source]

^ In this view of things, Republicrats is then the name of the single U.S. political party, and the Republicans and Democrats are seen as factions of this one-party system, rather than as true independent parties.
  • U.S. Political Glossary 14 January 2010 12:41 UTC www.killian.com [Source type: Original source]

.Most of the early opponents of laissez-faire capitalism in the United States subscribed to the American School (economics).^ A Wisdom Archive on laissez-faire capitalism .

^ So, will laissez-faire capitalism be stable?
  • F.10 Would laissez-faire capitalism be stable? 14 January 2010 12:41 UTC flag.blackened.net [Source type: Original source]

^ ARTICLES RELATED TO laissez-faire capitalism .

.This school of thought was inspired by the ideas of Alexander Hamilton, who proposed the creation of a government sponsored bank and increased tariffs to favor northern industrial interests.^ This was the increase in the amount by which the checking deposits of the banks exceeded the banks' reserves of actual money, that is, the money they have available to pay depositors who want cash.
  • The Myth that Laissez Faire Is Responsible for Our Present Crisis - George Reisman - Mises Institute 14 January 2010 12:41 UTC mises.org [Source type: Original source]

^ Believe it or not, the possibilities for industrial efficiency – and a concurrent increase in the intelligence and interest level – of the work itself, is just beginning to be realized.
  • Laissez-Faire Socialism, Part Two | Conceptual Guerilla 14 January 2010 12:41 UTC www.conceptualguerilla.com [Source type: General]

^ The Federal Reserve caused this increase in illusory capital by means of creating whatever new and additional bank reserves as were necessary to achieve a Federal Funds interest rate—that is, the rate of interest paid by banks on the lending and borrowing of reserves—that was far below the rate of interest dictated by the market.
  • George Reisman's Blog on Economics, Politics, Society, and Culture: The Myth that Laissez Faire Is Responsible for Our Financial Crisis 14 January 2010 12:41 UTC georgereisman.com [Source type: Original source]

.Following Hamilton's death, the more abiding protectionist influence in the antebellum period came from Henry Clay and his American System.^ This book has a lot to say about Father Richard Neuhaus, George Weigel, and their attempts to influence the direction in the American political system.
  • Talk To Action | The Catholic Right: Tom Monaghan: The Pizza-man Who Delivers the Dough. (Tenth in a Series) 14 January 2010 12:41 UTC www.talk2action.org [Source type: General]

.In the mid-19th century, the United States followed the Whig tradition of economic liberalism, which included increased state control, regulation and macroeconomic development of infrastructure.^ Laissez-faire as a doctrine is much larger than the definition given it in economics and, according to some theorists, is at the heart of the United States constitutionally.
  • Direction: Understanding Profits from the Christian Perspective [Perspective II] 14 January 2010 12:41 UTC www.directionjournal.org [Source type: Original source]

^ In the eagerness to speedily conquer the ills of poverty, much of the development economics literature has emphasized approaches calling for government planning, direction, and control of the economies of developing nations.
  • Laissez Faire as a Development Policy | The Freeman | Ideas On Liberty 14 January 2010 12:41 UTC www.thefreemanonline.org [Source type: FILTERED WITH BAYES]

^ What this brief account has shown is that the politico-economic system of the United States today is so far removed from laissez-faire capitalism that it is closer to the system of a police state.
  • The Myth that Laissez Faire Is Responsible for Our Present Crisis - George Reisman - Mises Institute 14 January 2010 12:41 UTC mises.org [Source type: Original source]

[14] .Public works such as the provision and regulation transportation such as railroads took effect.^ Also, a public action having such an effect.
  • U.S. Political Glossary 14 January 2010 12:41 UTC www.killian.com [Source type: Original source]

^ Similarly, we've now seen that regulation--public control of entry, prices, and output decisions of private monopolies--works poorly as well.

^ Mallery had inspired the nation's first such stabilization program, in Pennsylvania in 1917, and had been a leading official on public works in the Wilson Administration.
  • HERBERT HOOVER AND THE MYTH OF LAISSEZ-FAIRE (1) 14 January 2010 12:41 UTC www.quebecoislibre.org [Source type: FILTERED WITH BAYES]

.The Pacific Railway Acts provided the development of the First Transcontinental Railroad.^ The Railway Labor Act – the first giant step toward the collectivization of labor relations – was opposed by only a few far-sighted railroads, and by the National Association of Manufacturers.
  • Herbert Hoover's Depression by Murray N. Rothbard 14 January 2010 12:41 UTC www.lewrockwell.com [Source type: FILTERED WITH BAYES]

^ Hoover played a major role in fostering railway unions, and in foisting upon the railroad industry the Railway Labor Act — America's first permanent incursion of the federal government into labor-management relations.
  • Hoover's Attack on Laissez-Faire - Murray N. Rothbard - Mises Institute 14 January 2010 12:41 UTC mises.org [Source type: FILTERED WITH BAYES]

^ The Railway Labor Act — the first giant step toward the collectivization of labor relations — was opposed by only a few far-sighted railroads, and by the National Association of Manufacturers.
  • Hoover's Attack on Laissez-Faire - Murray N. Rothbard - Mises Institute 14 January 2010 12:41 UTC mises.org [Source type: FILTERED WITH BAYES]

[14] .In order to help pay for its war effort in the American Civil War, the United States government imposed its first personal income tax, on August 5, 1861, as part of the Revenue Act of 1861 (3% of all incomes over US $800; rescinded in 1872).^ A trade agreement between the Philippines and the United States, signed in 1955 and expired in 1974, whereby Americans were given some of the same rights as Filipinos within the Philippines.
  • International Economics Glossary: L 14 January 2010 12:41 UTC www-personal.umich.edu [Source type: FILTERED WITH BAYES]

^ When many aspects of Field's government-business jurisprudence were reversed in the 1930s, it was not "because [Field] had been internally inconsistent or had failed to reflect the ideological commitments of post- Civil War Americans, but rather because his doctrinal system proved to be incongruent with the.
  • MANUEL CACHÁN | Justice Stephen Field and "Free Soil, Free Labor Constitutionalism": Reconsidering Revisionism | Law and History Review, 20.3 | The History Cooperative 14 January 2010 12:41 UTC www.historycooperative.org [Source type: Original source]

^ It notes the fact that "Countrywide signed a government pledge to use 'proactive creative efforts' to extend homeownership to minorities and low-income Americans."
  • The Myth that Laissez Faire Is Responsible for Our Present Crisis - George Reisman - Mises Institute 14 January 2010 12:41 UTC mises.org [Source type: Original source]

.Following the Civil War, the movement towards a mixed economy accelerated with even more protectionism and government regulation.^ Government regulation hurts the economy.
  • Democrats & Liberals: The Laissez-Faire Song 14 January 2010 12:41 UTC www.watchblog.com [Source type: Original source]

^ Read more here: » Socialism: Encyclopedia II - Socialism - Socialism and the mixed economy .

^ Left free to pursue value, people are more likely to achieve it than if they are channeled toward what some government expert believes will benefit the society.
  • Laissez Faire as a Development Policy | The Freeman | Ideas On Liberty 14 January 2010 12:41 UTC www.thefreemanonline.org [Source type: FILTERED WITH BAYES]

In the 1880s and 1890s, significant tariff increases were enacted (see the McKinley Tariff and Dingley Tariff). .Moreover, with the enactment of the Interstate Commerce Act of 1887, the Sherman Anti-trust Act, the federal government began to assume an increasing role in regulating and directing the country's economy.^ Government regulation hurts the economy.
  • Democrats & Liberals: The Laissez-Faire Song 14 January 2010 12:41 UTC www.watchblog.com [Source type: Original source]

^ In effect, the Federal Reserve "has been using monetary policy as a form of surrogate incomes policy, and this surrogate policy has been tilted against wages in favour of profits" and so is regulating the economy "in a manner favourable to business."
  • C.9 Would laissez-faire capitalism reduce unemployment? | Anarchist Writers 14 January 2010 12:41 UTC anarchism.pageabode.com [Source type: Original source]

^ In the eagerness to speedily conquer the ills of poverty, much of the development economics literature has emphasized approaches calling for government planning, direction, and control of the economies of developing nations.
  • Laissez Faire as a Development Policy | The Freeman | Ideas On Liberty 14 January 2010 12:41 UTC www.thefreemanonline.org [Source type: FILTERED WITH BAYES]

.The Progressive Era saw the enactment of even more controls on the economy, as evidenced by the Wilson Administration's New Freedom program.^ Granting the government more power in the economic sphere and urging that this power be used to control the economy is unlikely to dismantle the privileges of existing elites or their political successors.
  • Laissez Faire as a Development Policy | The Freeman | Ideas On Liberty 14 January 2010 12:41 UTC www.thefreemanonline.org [Source type: FILTERED WITH BAYES]

^ Even more mischievous than Hoover's pro-union attitude was his adoption of the new theory that high wage rates are an important cause of prosperity.
  • Hoover's Attack on Laissez-Faire - Murray N. Rothbard - Mises Institute 14 January 2010 12:41 UTC mises.org [Source type: FILTERED WITH BAYES]
  • Herbert Hoover's Depression by Murray N. Rothbard 14 January 2010 12:41 UTC www.lewrockwell.com [Source type: FILTERED WITH BAYES]

^ The end justifies the means, freedom is a mean, and equality at all cost is an end and I think that is why leftist’s governments normally end up in more state control and intervention in the economy barring some or many of your freedoms in the process.
  • Chicago Boyz » Blog Archive » The Laissez-Faire Left 14 January 2010 12:41 UTC chicagoboyz.net [Source type: FILTERED WITH BAYES]

.Following World War I and the Great Depression, Keynesian policies turned the state into a mixed economy.^ Except those who follow in the tradition of Adam Smith who admit their selfishness and seek to create systems to turn their own selfishness into a general good.
  • Chicago Boyz » Blog Archive » The Laissez-Faire Left 14 January 2010 12:41 UTC chicagoboyz.net [Source type: FILTERED WITH BAYES]

^ Modern economics, while disparaging Marx, has integrated this idea into its macro-economic policy recommendations by urging the state to manipulate the economy to ensure that "inflation" (i.e.
  • C.9 Would laissez-faire capitalism reduce unemployment? | Anarchist Writers 14 January 2010 12:41 UTC anarchism.pageabode.com [Source type: Original source]

^ Instead, the lack of regulation in futures and commodities markets turned a serious problem into a catastrophic which threatens the US and the world with depression.
  • Democrats & Liberals: The Laissez-Faire Song 14 January 2010 12:41 UTC www.watchblog.com [Source type: Original source]

.The United States, in the 1980s, for example, sought to protect its automobile industry by "voluntary" export restrictions from Japan.^ Comparing, for example, the United States with the United Kingdom, in the 1960s the United States averaged 4.8 per cent, with the United Kingdom at 1.9 per cent; in the 1970s the United States rate rose to 6.1 per cent, with the United Kingdom rising to 4.3 per cent, and it was only in the 1980s that the ranking was reversed with the United States at 7.2 per cent and the United Kingdom at 10 per cent.
  • C.9 Would laissez-faire capitalism reduce unemployment, as supporters of "free market" capitalism claim? 14 January 2010 12:41 UTC www.spunk.org [Source type: Original source]
  • C.9 Would laissez-faire capitalism reduce unemployment? | Anarchist Writers 14 January 2010 12:41 UTC anarchism.pageabode.com [Source type: Original source]

^ The developed world has pushed particularly hard to protect industries relying on or producing "generic technologies," and to restrict diffusion of "dual use" technologies.
  • Chapter Five--The State and Capitalism in the "Laissez-Faire" Era 14 January 2010 12:41 UTC mutualist.org [Source type: Original source]

^ Hoover's opposition to foreign "monopoly" did not of course prevent him from supporting a protective tariff in the United States, thus providing privilege to American domestic as well as export firms.
  • HERBERT HOOVER AND THE MYTH OF LAISSEZ-FAIRE (1) 14 January 2010 12:41 UTC www.quebecoislibre.org [Source type: FILTERED WITH BAYES]

[15] Pietro S. Nivola wrote in 1986:
.By and large, the comparative strength of the dollar against major foreign currencies has reflected high U.S. interest rates driven by huge federal budget deficits.^ They began skipping their monthly mortgage payments, especially after the adjustable-rate mortgages kicked in with higher interest rates, as high as a 30 percent spike for some borrowers.
  • The Conservative Origins of the Sub-Prime Mortgage Crisis | The American Prospect 14 January 2010 12:41 UTC www.prospect.org [Source type: News]

^ Another reason for Hoover's pro-union attitude was that he had adopted the increasingly popular thesis that high wage rates were a major cause of prosperity.
  • HERBERT HOOVER AND THE MYTH OF LAISSEZ-FAIRE (1) 14 January 2010 12:41 UTC www.quebecoislibre.org [Source type: FILTERED WITH BAYES]

^ The Federal Reserve drove down the federal funds rate and brought about the vast increase in the supply of illusory capital for the purpose of driving down all market interest rates.
  • The Myth that Laissez Faire Is Responsible for Our Present Crisis - George Reisman - Mises Institute 14 January 2010 12:41 UTC mises.org [Source type: Original source]

.Hence, the source of much of the current deterioration of trade is not the general state of the economy, but rather the government's mix of fiscal and monetary policies– that is, the problematic juxtaposition of bold tax reductions, relatively tight monetary targets, generous military outlays, and only modest cuts in major entitlement programs.^ Many parliamentarians complained that changes to the emissions trading system at the centre of the package were too generous to corporate interests and that the legislation allowed member states to undertake most of their emissions reductions outside of Europe.
  • ODAC Newsletter - 19 December 2008 | ODAC - The Oil Depletion Analysis Centre 14 January 2010 12:41 UTC www.odac-info.org [Source type: News]

^ In Colombia, the government used anti-terrorist legislation in 1993 to try 15 trade union leaders opposing the privatisation of the state telecommunications company.
  • C.9 Would laissez-faire capitalism reduce unemployment, as supporters of "free market" capitalism claim? 14 January 2010 12:41 UTC www.spunk.org [Source type: Original source]
  • C.9 Would laissez-faire capitalism reduce unemployment? | Anarchist Writers 14 January 2010 12:41 UTC anarchism.pageabode.com [Source type: Original source]

^ Whenever someone says that the government needs to stop trade imbalances, respond "My state, county, city and neighborhood has constant trade imbalances with other states, counties, cities and neighborhoods.
  • LAISSEZ FAIRE, ETYMOLOGY, LINGUISTICS, LANGUAGE IN LIBERTARIANISM- learn the language of liberty, liberty and language secrets, a LibertarianThink Tank with etymologist Dr. Rex Curry regarding Libertarian Linguisticshttp://rexcurry.net/swastika3clear.jpg Libertarian Lexicon, Plural Pronounsshould be avoided. 14 January 2010 12:41 UTC www.rexcurry.net [Source type: Original source]

.Put simply, the roots of the trade problem and of the resurgent protectionism it has fomented are fundamentally political as well as economic.^ Content: Epistemological Problems, Economics and Technology PDF: The Political Economy of William Graham Sumner: A Study in the History of Free-Enterprise Ideas DailyArticle: Nozick v.
  • The Myth that Laissez Faire Is Responsible for Our Present Crisis - George Reisman - Mises Institute 14 January 2010 12:41 UTC mises.org [Source type: Original source]

[16]
Ayn Rand was a self-identified radical for a "full, pure, uncontrolled, unregulated laissez-faire capitalism—-with a separation of state and economics, in the same way and for the same reasons as the separation of state and church".

See also

References

  1. ^ The anecdote on Le Gendre is briefly referenced in J. Turgot's "Eloge de Vincent de Gournay," Mercure, August, 1759).
  2. ^ Gournay was credited with the phrase by Jacques Turgot, the Marquis de Mirabeau, the Comte d'Albon and DuPont de Nemours among others. J. Turgot, op cit. V.R. Marquis Mirabeau, in Philosophie rurale 1763 and Ephémérides du Citoyen, 1767. C.C. Comte d'Albon,"Éloge Historique de M. Quesnay", Nouvelles Ephémérides Économiques, May, 1775, p.136-7. P.S.DuPont de Nemours, in Ouevres de Jacques Turgot, 1808-11, Vol. I, p.257 and p.259 (Daire ed.)
  3. ^ "Tant, encore une fois, qu'on laisse faire la nature, on ne doit rien craindre de pareil", P.S. de Boisguilbert, 1707, Dissertation de la nature des richesses, de l'argent et des tributs.
  4. ^ DuPont de Nemours, op cit, p.258. Oncken (op.cit) and Keynes (op.cit.) also credit the Marquis d'Argenson with the phrase "Pour gouverner mieux, il faudrait gouverner moins" ('"To govern better, one needs to govern less"), possibly the source of the famous "That government is best which governs least" motto popular in American circles, attributed variously to Thomas Paine, Thomas Jefferson and Henry Thoreau.
  5. ^ a b Roy C. Smith, Adam Smith and the Origins of American Enterprise: How the Founding Fathers Turned to a Great Economist's Writings and Created the American Economy, Macmillan, 2004, ISBN 0312325762, p. 13-14.
  6. ^ Abbott P. Usher et al. (1931). "Economic History—The Decline of Laissez Faire". American Economic Review 22 (1, Supplement): 3–10. 
  7. ^ Andres Marroquin, Invisible Hand: The Wealth of Adam Smith, The Minerva Group, Inc., 2002, ISBN 1410202887, page 123.
  8. ^ The mathematical century: the 30 greatest problems of the last 100 years (2006) Piergiorgio Odifreddi, Arturo Sangalli, Freeman J Dyson, p. 122
  9. ^ Li Bo and Zheng Yin, 5000 years of Chinese history, Inner Mongolian People's publishing corp , ISBN 7-204-04420-7, 2001
  10. ^ Scott Gordon (1955). "The London Economist and the High Tide of Laissez Faire". Journal of Political Economy 63 (6): 461–488. doi:10.1086/257722. 
  11. ^ James L. Richardson, Contending Liberalisms in World Politics, 2001, Lynne Rienner Publishers, ISBN 1555879152
  12. ^ Antonia Taddei (1999). "London Clubs in the Late Nineteenth Century" (PDF). http://www.nuff.ox.ac.uk/economics/history/paper28/28taddeiweb1.pdf. Retrieved 2008-12-30. 
  13. ^ Walker, S.P. (1996). "Laissez-faire, Collectivism And Companies Legislation In Nineteenth-century Britain". The British Accounting Review (Elsevier) 28 (4): 305–324. doi:10.1006/bare.1996.0021. 
  14. ^ a b Guelzo, Allen C. (1999), Abraham Lincoln: Redeemer President, Grand Rapids, Mich.: W.B. Eerdmans Pub. Co, ISBN 0-8028-3872-3, http://www.questia.com/PM.qst?a=o&d=99466893 
  15. ^ Robert W. Crandall (1987). "The Effects of U.S. Trade Protection for Autos and Steel". Brookings Papers on Economic Activity 1987 (1): 271–288. doi:10.2307/2534518. 
  16. ^ Pietro S. Nivola (1986). "The New Protectionism: U.S. Trade Policy in Historical Perspective". Political Science Quarterly 101 (4): 577–600. doi:10.2307/2150795. 

Bibliography

  • Brebner, John Bartlet (1948). ."Laissez Faire and State Intervention in Nineteenth-Century Britain". Journal of Economic History 8: 59–73. 
  • Fisher, Irving (January 1907).^ Arthur Taylor's "Laissez-Faire and State Interventions in Nineteenth-Century Britain," is typical of this genre.
    • Paul, Laissez Faire in Nineteenth-Century Britain, Fact or Myth?, continued | Library of Economics and Liberty 14 January 2010 12:41 UTC www.econlib.org [Source type: Original source]

    ^ P.55 Once again, it was Brebner's article, "Laissez-Faire and State Intervention in Nineteenth-Century Britain," which launched the revisionist assault upon the traditionalist view of Benthamism as either an innocuous bystander or an unwitting accomplice in the rise of collectivism.
    • Paul, Laissez Faire in Nineteenth-Century Britain, Fact or Myth?, continued | Library of Economics and Liberty 14 January 2010 12:41 UTC www.econlib.org [Source type: Original source]

    ^ Its almost as if the segment of society who benefits economical from informational laissez-faire capitalism is the same segment that teaches us what is good and moral.
    • Chicago Boyz » Blog Archive » The Laissez-Faire Left 14 January 2010 12:41 UTC chicagoboyz.net [Source type: FILTERED WITH BAYES]

    ."Why has the Doctrine of Laissez Faire been Abandoned?". Science 25 (627): 18–27. doi:10.1126/science.25.627.18.^ Spengler: Why Laissez Faire Leaves Few Tracks .
    • Paul, Laissez Faire in Nineteenth-Century Britain, Fact or Myth?, continued | Library of Economics and Liberty 14 January 2010 12:41 UTC www.econlib.org [Source type: Original source]

    ^ Yet these doctrines are both characterised, not only or chiefly by their infringing the general presumption in favour of laissez-faire , but by mere logical fallacy.
    • The end of laissez-faire 14 January 2010 12:41 UTC phare.univ-paris1.fr [Source type: Original source]

    ^ PhysForum Science, Physics and Technology Discussion Forums -> Laissez Faire Libel?
    • PhysForum Science, Physics and Technology Discussion Forums -> Laissez Faire Libel? 14 January 2010 12:41 UTC www.physforum.com [Source type: General]

    PMID 17739703. 
  • Taussig, Frank W. (1904). "The Present Position of the Doctrine of Free Trade". Publications of the American Economic Association 6 (1): 29–65. 

Further reading

.
This audio file was created from a revision dated 2008-06-27, and does not reflect subsequent edits to the article.^ There is a growing number of articles that wikipedia does not allow to be edited by everyone.
  • Schneier on Security: Laissez-Faire Access Control 14 January 2010 12:41 UTC www.schneier.com [Source type: FILTERED WITH BAYES]

^ Latest content About Us Anarchist FAQ Audio PDF booklets Video Article index creation tool .
  • C.9 Would laissez-faire capitalism reduce unemployment? | Anarchist Writers 14 January 2010 12:41 UTC anarchism.pageabode.com [Source type: Original source]

^ To take the Wikipedia example: Wikipedia does not allow Users to edit anything else than the articles.
  • Schneier on Security: Laissez-Faire Access Control 14 January 2010 12:41 UTC www.schneier.com [Source type: FILTERED WITH BAYES]

(Audio help)
More spoken articles

Wiktionary

Up to date as of January 15, 2010
(Redirected to laissez faire article)

Definition from Wiktionary, a free dictionary

WOTD - 13 July 2008    

Contents

English

Wikipedia-logo.png
Wikipedia has an article on:

Alternative spellings

Etymology

French laissez faire (leave it be [lit. let do])

Pronunciation

  • (UK) IPA: /ˈlæs.eɪ ˌfeə(ɹ)/, /ˈleɪ.seɪ ˌfeə(ɹ)/, SAMPA: /"l{s.eI %fe@(r)/, /"leI.seI %fe@(r)/
  •  Audio (US)help, file

Noun

  1. (economics) A policy of governmental non-interference in economic affairs.
  2. A policy of non-interference by authority in any competitive process.

Quotations

Usage notes

  • Usually spelled "laissez-faire" in its common attributive use.

Adjective

laissez faire (comparative more laissez faire, superlative most laissez faire)
.
Positive
laissez faire
Comparative
more laissez faire
Superlative
most laissez faire
  1. (economics, politics) Practicing or representing governmental noninterference, or minimal interference, especially in economic affairs; pertaining to free-market capitalism.^ He grossly interfered with free-market function.
    • Greenspan Was NOT a Free Market Economist 14 January 2010 12:41 UTC www.bearishnews.com [Source type: General]

    ^ We don't have free market capitalism in America.
    • Arianna Huffington: Laissez-Faire Capitalism Should Be as Dead as Soviet Communism 14 January 2010 12:41 UTC www.huffingtonpost.com [Source type: General]

    ^ Some of you may know this French phrase in political or governmental terms, but this notion of "non-interference" is very applicable to trading.
    • A Laissez-faire Approach To Exiting Trades 14 January 2010 12:41 UTC www.fxstreet.com [Source type: General]

    I think the city should take a laissez faire approach to this; getting involved would only make things worse.
  2. (economics, politics) Advocating such noninterference.
    The Senator claims to be laissez faire, but he voted in favor of the subsidies.
  3. (economics) Resulting from such noninterference.
    The price ceiling was well below the laissez faire price that demand would have supported, so there were always shortages.
  4. (of a person) Avoiding interference in other people's affairs; choosing to live and let live.

See also


French

Pronunciation

 Audio (France)help, file

Noun

laissez faire m (usually uncountable)
  1. (rare, dated) Alternative form of laisser-faire.

Verb

laissez faire
  1. Second-person plural indicative present form of laisser faire.
  2. Second-person plural imperative present form of laisser faire.

Citable sentences

Up to date as of December 21, 2010

Here are sentences from other pages on Laissez-faire, which are similar to those in the above article.








Got something to say? Make a comment.
Your name
Your email address
Message