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laissez-faire

Syllabification: lais·sez-faire
Pronunciation: /ˌlesāˈfer
 
/

Definition of laissez-faire in English:

noun

1A policy or attitude of letting things take their own course, without interfering.
Example sentences
  • 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.
Synonyms
noninterventionist, noninterventional, noninterfering;
uninvolved, indifferent;
lax, loose, permissive, nonrestrictive, liberal, libertarian
informal hands-off
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.
Synonyms
free enterprise, free trade, nonintervention, free-market capitalism, market forces

Origin

French, literally 'allow to do'.

Derivatives

laissez-faireism

1
Pronunciation: /ˈfe(ə)rˌizəm/
noun
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.

Definition of laissez-faire in:

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