What is lassiez-faire?
This concept of lassiez-faire economics revolved around a very limited government and was designed to be free from any real intervention that was not otherwise needed for the market to function on its own. Even though the discussion revolves around liberalism in lassiez-faire economics, the liberalist point of view was not exactly all encompassing of the rest of the lassiez-faire thinkers, especially when it came to Adam Smith, the Scottish economist whose ideas dominated a bit earlier. Meaning “allow to pass or let go” in French, it only makes sense that lassiez-faire economics would call for what would be known as a very rare infiltration of government activity in this favored economic system.
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