laizze-fairre



Laissez-faire is a french phrase, meaning that the goverment should not interfere with big buisness. Supporters of this stategy maintain that if the goverment does not interfere, the strongest buisnesses will succeed and bring wealth to the country as a hole. The term //Laissez-faire// translates roughly as "allow to be" in French. Although the term probally emreged with french economists in the mid-1700s, the theory of //Laissez-faire// ecoomists was primalily developed by Adam Smith in his 1776 book, //The Wealth of Nations.//

Informtion provided by:

Rise of nations textbook pg. 291 http://www.cartoonstock.com/newscartoons/cartoonists/jlv/lowres/jlvn472l.jpg