Lexic.us

Definition of Laissez-faire economy

1. Noun. An economy that relies chiefly on market forces to allocate goods and resources and to determine prices.

Lexicographical Neighbors of Laissez-faire Economy

Literary usage of Laissez-faire economy

Below you will find example usage of this term as found in modern and/or classical literature:

1. Mega-City Growth and the Future by Roland J. Fuchs (1994)
"The dissolution of feudal and medieval monopolies was substituted with industry competition based on a laissez-faire economy. There was minimal State ..."

2. The Position of the Laborer in a System of Nationalism: A Study in the Labor by Edgar Stevenson Furniss (1920)
"... In a laissez-faire economy there can be no prediction as to what the nation will seek to become by the utilization of her human and physical equipment; ..."

3. Science by American Association for the Advancement of Science (1883)
"18 May 1970 m Economic Meaning of a Labor Shortage Keynes pointed out that in a laissez- faire economy geared to a high level of investment spending, ..."

4. An Inquiry Into the Nature and Causes of the Wealth of Nations: In Two Volumes by Adam Smith, Ernest Belfort Bax (1892)
"His avowed aim is to amend the laissez-faire economy so as to leave room under certain circumstances for industrial action by government. ..."

5. The World Rice Market: Structure, Conduct, and Performance by ʻAmmā Sayāmwālā, Raj Krishna, Ammar Siamwalla, Stephen Haykin, Ajay Chhibber (1983)
"Thus, rice trade is typically conducted directly by governments or rigidly controlled by them.3 Even Hong Kong, otherwise a model of laissez- faire economy, ..."

6. The Arena by Harry Houdini Collection (Library of Congress) (1905)
"... the crucible of events, together with its corollaries; eg, the laissez-faire economy of Manchester, the states rights theories of the thirteen colonies, ..."

7. A History of Italian Unity: Being a Political History of Italy from 1814 to 1871 by Bolton King (1899)
"... new laissez-faire economy, and made all e^Hj ^^Hfi return again to the traditions of a restrictive paternal rule. \\\\\\. of political rights or social ..."

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