Legal Definition and Related Resources of Laissez Faire

noun

• abstinence from action
• handsoff policy
• nonhampering
• noninfringement
• noninterference
• nonintermeddling
• noninterruption
• nonintervention
• nonintrusion
• nontampering
• refraining from involvement
• refusal to become involved

Browse or run a search for Laissez Faire in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Laissez Faire in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Laissez Faire in Historical Law in the Encyclopedia of Law.

Search for legal acronyms and/or abbreviations containing Laissez Faire in the Legal Abbreviations and Acronyms Dictionary.

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Vocabularies (Semantic Web Information)

Laissez-Faire Definition (in the Accounting Vocabulary)

The New York State Society of Certified Public Accountants offers the following definition of Laissez-Faire in a way that is easy for anybody to understand: Doctrine that interference of government in business and economic affairs should be minimal.

Concept of Laissez-faire in the context of Real Property

A short definition of Laissez-faire: Leave alone, let proceed. French expression made popular by Adam Smith, and used to describe a theory that free trade promotes a better business climate than government controls.

Concept of Laissez-faire in the context of Real Property

A short definition of Laissez-faire: Leave alone, let proceed. French expression made popular by Adam Smith, and used to describe a theory that free trade promotes a better business climate than government controls.

Definition of Laissez Faire

The Canada social science dictionary [1] provides the following meaning of Laissez Faire: Literally, ‘to leave alone’. This is the economic doctrine that government should not interfere in the economic or social regulation of society unless absolutely necessary. It assumes that the competitive system of free markets is the best means of allocation of scarce resources between alternative uses. Government intervention in the market place to regulate economic activity is seen as illegitimate and inefficient. This doctrine lost popularity in the middle of the twentieth century, with the rise of the ‘welfare state’ and extensive public ownership of parts of the economy, but has regained favor in the 1980’s and 1990’s. See: CLASSICAL ECONOMIC THEORY / INVISIBLE HAND OF THE MARKET in this legal dictionary and in the world encyclopedia of law.

Laissez Faire: Resources

Notes and References

• Drislane, R., & Parkinson, G. (2016). (Concept of) Laissez Faire. Online dictionary of the social sciences. Open University of Canada

Etimology of Laissez-faire

(You may find laissez-faire at the world legal encyclopedia and the etimology of more terms).

also laissez faire, 1822, French, literally “let (people) do (as they think best),” from laissez, second person plural imperative of laisser “to let, to leave” (10c., from Latin laxare, from laxus “loose;” see lax) + faire “to do” (from Latin facere “to make, to do” (from PIE root *dhe- “to set, put”). From the phrase laissez faire et laissez passer, motto of certain 18c. French economists, chosen to express the ideal of government non-interference in business and industry. Compare laisser-faire “a letting alone,” taken to mean “non-interference with individual freedom of action” as a policy in government and political economy.