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laissez faire |
Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia, Hutchinson | 0.02 sec. |
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laissez faire noun abstinence from action, hands-off policy, nonhampering, noninfringement, noninterference, nonintermeddling, noninterruption, nonintervention, nontampering, refraining from involvement, reeusal to become involved How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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This conservatism is identified with the promotion of commerce and industry, laisser faire capitalism, private enterprise and a minimal role for government. Hayek assisted this reevaluation of capitalism by rejecting laisser faire in the very first pages of The Road to Serfdom, and saying that he favored government intervention for monetary, environmental, and anti-trust policies. |
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