Laissez-Faire

Laissez-faire (/ ˌlɛseɪˈfɛər / less-ay-fair, from french: Laissez faire [lɛse fɛːʁ] ⓘ, lit. Laissez-faire was a political as well as an economic doctrine.

The meaning of laissez-faire is a doctrine opposing governmental interference in economic affairs beyond the minimum necessary for the maintenance of peace and property rights. January 11, 2026 answer of less laissez faire clue in nyt crossword puzzle. Aug 13, 2025discover the principles of laissez-faire economics, its historical context, benefits, and drawbacks.

Over time, market liberalism (or laissez-faire) and regulatory and welfare-state liberalism (or progressivism) offered rival strains of or emphases within the liberal tradition. As a noun, laissez faire refers to the practice of allowing people or institutions to act or behave however they want, with little or no interference or regulation. Laissez-faire is an economic philosophy that advocates minimal government intervention in business and market activities.

Sep 7, 2024laissez-faire is an economic policy advocating minimal government intervention in the marketplace, originating from 18th-century french economists, and translates to “let it be”. Lais•sez faire (ˌlɛs eɪ ˈfɛər) n.