Laissez Faire

posted by .

I found the passage I posted about Laissez Faire on Wikipedia.

  • Laissez Faire -

    I found another passage, could you please simplify this for me?

    Describes an environment in which transactions between private parties are free from state intervention, including restrictive regulations, taxes, tariffs and enforced monopolies.

    There are two ways that a government typically is tempted to interfere with the economy. The first is through the initiation of force, and the second is through socialized industries. Neither of these activities are aligned with the proper role of government, and are both unacceptable.

    (What is initiation of force? What are socialized industries?)

    "Laissez Faire Capitalism" is actually redundant, due to the nature of Capitalism. Therefore, simply "Capitalism" is sufficient to get the point across although historically it has been misrepresented as compatible with government economic interference.

    (I don't understand the whole passage above.)

  • Laissez Faire -

    You will find multiple explanations among the following sites:


Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. social studies

    the theory that government should not intefere in economic affairs is known as?
  2. History

    "Although the economic growth of the United States between 1860 and 1900 has been attributed to a governmental policy of laissez-faire, it was in fact encouraged and sustained by direct government intervention." Assess the validity …
  3. Socials

    What is the economic policy called "laissez-faire" all about?
  4. Socials-Laissez-Faire

    Can someone please have a moment to look at my other 2 previous posts, thanks.
  5. Social Studies

    What was Jefferson's laissez-faire policy?
  6. US History

    What is the laissez-faire economics? (related to Herbert Hoover)
  7. Laissez-faire

    Please simplify this for me. Cant understand this at all. Laissez-faire is synonymous with what was referred to as strict capitalist free market economy during the early and mid-19th century as an ideal to achieve. It is generally …
  8. Laissez-Faire(please no sites)

    Could you please simplify these for me. I already looked up a bunch of sites, and they all have hard vocab in them which I just cant understand. Describes an environment in which transactions between private parties are free from state …
  9. world history

    What is the connection between the policy of laissez faire and natural economic laws?
  10. Social Studies

    laissez-faire and different political ideologies:conservative, liberal and socialist.

More Similar Questions