If you want to change selection, open original toplevel document below and click on "Move attachment"
Parent (intermediate) annotation
Open it laissez-faire, (French: “allow to do”) policy of minimum governmental interference in the economic affairs of individuals and society. The origin of the term is uncertain, but folklore suggests that
Original toplevel document
Laissez-faire | Definition, Economics, Government, Policy, History, & Facts | Britannica he adoption of mass-production techniques demonstrated that the laissez-faire doctrine was insufficient as a guiding philosophy. It yielded to Keynesian economics during the early 20th century. <span>laissez-faire, (French: “allow to do”) policy of minimum governmental interference in the economic affairs of individuals and society. The origin of the term is uncertain, but folklore suggests that it is derived from the answer Jean-Baptiste Colbert, comptroller general of finance under King Louis XIV of France, received when he asked industrialists what the government could do to help business: “Leave us alone.” The doctrine of laissez-faire is usually associated with the economists known as Physiocrats, who flourished in France from about 1756 to 1778. The policy of laissez-faire received strong support in classical economics as it developed in Great Britain under the influence of the philosopher and economist Adam Smith. (Read Milton Friedman’s Britannica entry on money.) More From Britannica industrial relations: Laissez-fai
Summary
status
not learned
measured difficulty
37% [default]
last interval [days]
repetition number in this series
0
memorised on
scheduled repetition
scheduled repetition interval
last repetition or drill
Details
No repetitions
Discussion
Do you want to join discussion? Click here to log in or create user.