Laissez-Faire Attitude

Laissez-faire, which first showed up in an english context in the first half of the 19th century, can still mean “a doctrine opposing governmental interference in economic affairs,” but it is also. In its application to markets, the principle of laissez-faire holds that markets should naturally be competitive, a rule that the early advocates of laissez-faire always emphasized. Belief in laissez-faire was a popular view during the 19th century.

As a noun, laissez faire refers to the practice of allowing people or institutions to act or behave however they want, with little or no interference or regulation. The years of his presidency were one of the longest periods of laissez-faire in us history. When it came to economics, the president liked to think of himself as a practitioner of laissez faire.

Laissez-faire is the policy which is based on the idea that governments and the law should not interfere with business, finance, or the conditions of people's working lives. • market-orientated, almost laissez-faire attitudes figured ever more prominently in the conservative party when in opposition in the 1970s. Apr 8, 2025the term “laissez-faire,” integral to economic and political discourse, champions minimal governmental intervention in economic activities.

In a laissez-faire attitude, the focus is on minimal regulation and maximum freedom, often applied in economics and management, where decision-making is decentralized. Laissez faire, typically pronounced "lay-zay fair," was originally a french economic term meaning “allow to do,” as in: