Laissez Faire

Dictionary Says

Definition of 'Laissez Faire'

An economic theory from the 18th century that is strongly opposed to any government intervention in business affairs.

Sometimes referred to as "let it be economics."
Investopedia Says

Investopedia explains 'Laissez Faire'

People who support a laissez faire system are against minimum wages, duties, and any other trade restrictions.

Laissez faire is French for "leave alone."

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Classical Economics

    Classical ...
  2. Dismal Science

    A term coined by ...
  3. Economics

    A social science ...
  4. Invisible Hand

    A term coined by ...
  5. Keynesian Economics

    An economic ...
  6. Crony Capitalism

    A description of ...
  7. Neoliberalism

    An approach to ...
  8. Chicago School

    An economic ...
  9. Anglo-Saxon Capitalism

    A form of ...
  10. Industrial Revolution

    A period of ...

Articles Of Interest

  1. Economics Basics

    Learn economics principles such as the relationship of supply and demand, elasticity, utility, and more!
  2. Why Can't Economists Agree?

    There are many reasons why economists can be given the same data and come up with entirely different conclusions.
  3. Adam Smith: The Father Of Economics

    This free thinker promoted free trade at a time when governments controlled most commercial interests.
  4. How Influential Economists Changed Our History

    Find out how these five groundbreaking thinkers laid our financial foundations.
  5. Free Market Maven: Milton Friedman

    As proponent of free market capitalism, this economist changed the way the world's economies operate.
  6. Microeconomics

    This tutorial teaches the basics of one of the most important economic topics. A must for all investors.
  7. Should You Invest Your Entire Portfolio In Stocks?

    It is true that stocks outperform bonds and cash in the long run, but that statistic doesn't tell the whole story.
  8. The Uses And Limits Of Volatility

    Check out how the assumptions of theoretical risk models compare to actual market performance.
  9. Risk Tolerance Only Tells Half The Story

    Just because you're willing to accept a risk, doesn't mean you always should.
  10. 5 Tips For Diversifying Your Portfolio

    A diversified portfolio will protect you in a tough market. Get some solid tips here!

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center