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What is History and Principles of Laissez-Faire about?

Laissez-faire is an 18th century economic theory that opposed government intervention in business. It was based on the idea that free markets without regulation would lead to greater prosperity. The theory originated with French Physiocrats who argued the government should only intervene to protect property, life, and freedom, otherwise allowing natural market forces to operate freely. However, early attempts to implement laissez-faire policies in France led to food shortages and riots. While laissez-faire

Author

Fadilit Ciyus

Language

EN