Laissez faire

From Geography

The french term laissez faire is a term used mostely in relation to economy. It describes a economic system where transactions between different actors are free from state interventions. It is a countermovement to mercantilism whereby the state or the government controls the trade relations.

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Refernces

A. Oncken: Die Maxime Laissez faire et laissez passer, ihr Ursprung, ihr Werden. Bern 1886

FabianBusch 11:15, 24 October 2011 (CEST)