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laissez-faire

Line breaks: laissez-faire
Pronunciation: /ˌlɛseɪˈfɛː
 
, lɛsefɛʀ/

Definition of laissez-faire in English:

noun

[mass noun, usually as modifier]
1The policy of leaving things to take their own course, without interfering: a laissez-faire attitude to life
More 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.
1.1 Economics Abstention by governments from interfering in the workings of the free market: 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, private enterprise, free trade, individualism, non-intervention, free-market capitalism, private ownership, market forces, deregulation;

Origin

French, literally 'allow to do'.

Derivatives

laissez-faireism

1
noun
Example sentences
  • Have you noticed how laisser-faireism has become the pervading truth?

Definition of laissez-faire in:

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