Definition of laissez-faire in English:
1A policy or attitude of letting things take their own course, without interfering.
- That doesn't mean advocating a policy of laissez-faire; it means helping all people to work together for their common good.
- For example, the hunting of musk-oxen was banned at the end of World War I, but generally policy was laissez-faire.
- David J. Hanson, a retired professor from nearby Syracuse University, has studied youth drinking and likes Montreal's laissez-faire policies.
1.1 Economics Abstention by governments from interfering in the workings of the free market: [as modifier]: laissez-faire capitalism
More example sentences
- The original Western nineteenth-century route to modernization was associated with laissez-faire capitalism, individualism, and democracy.
- In all of his complaining about laissez-faire and the free market, Polanyi somehow overlooks probably the single most important aspect of this system: freedom.
- The laissez-faire philosophy of competitive capitalism translated into untold misery for the laboring classes in industrial cities.
French, literally 'allow to do'.
- Example sentences
- So some vigorous alternative is needed, though it cannot be a form of collectivism any more than it can be laissez-faireism in Roepke's view.
- At my day job, I work with the parents of the generation I'm referencing, and the laissez-faireism in the latter is easy to spot in the former.
- Under laissez-faireism in the late 19th and and early 20th centuries, depressions and bank panics were quite common.
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