laissez faire

See also: laissez-faire

English

WOTD – 13 July 2008

Alternative forms

Etymology

Borrowed from French laissez faire (leave it be, literally let do).

Pronunciation

  • (UK) IPA(key): /ˈlæseɪ ˌfɛə(ɹ)/, /ˈleɪseɪ ˌfɛə(ɹ)/
  • (General American) enPR: lĕs'ā fârʹ, lĕz'ā, lā'sā('), lā'zā('), IPA(key): /ˌlɛ(ˌ)seɪ ˈfɛəɹ/, /ˌleɪ-/, /-(ˌ)zeɪ/
  • Audio (US):(file)
  • Audio (General Australian):(file)
  • Rhymes: -ɛə(ɹ)
  • Hyphenation: lais‧sez faire

Noun

laissez faire (uncountable)

  1. (economics, politics) A policy of governmental non-interference in economic affairs.
    • 1843 April, Thomas Carlyle, chapter 9, in Past and Present, American edition, Boston, Mass.: Charles C[offin] Little and James Brown, published 1843, →OCLC, book I (Proem), page 106:
      In brief, all this Mammon-Gospel of Supply-and-demand, Competition, Laissez-faire, and Devil take the hindmost, begins to be one of the shabbiest Gospels ever preached on Earth; or altogether the shabbiest.
    • 2001 [1944], Karl Polanyi, “12. Birth of the Liberal Creed”, in The Great Transformation[1]:
      While laissez-faire economy was the product of deliberate State action, subsequent restrictions on laissez-faire started in a spontaneous way. Laissez-faire was planned; planning was not.
  2. A policy of non-interference by authority in any competitive process.

Translations

Adjective

laissez faire (comparative more laissez faire, superlative most laissez faire)

  1. (economics, politics) Practicing or representing governmental noninterference, or minimal interference, especially in economic affairs; pertaining to free-market capitalism.
    I think the city should take a laissez faire approach to this; getting involved would only make things worse.
  2. (economics, politics) Advocating such noninterference.
    The Senator claims to be laissez faire, but he voted in favor of the subsidies.
    • 2001 [1944], Karl Polanyi, “12. Birth of the Liberal Creed”, in The Great Transformation[2]:
      While laissez-faire economy was the product of deliberate State action, subsequent restrictions on laissez-faire started in a spontaneous way. Laissez-faire was planned; planning was not.
  3. (economics) Resulting from such noninterference.
    The price ceiling was well below the laissez faire price that demand would have supported, so there were always shortages.
  4. (of a person) Avoiding interference in other people's affairs; choosing to live and let live.

Translations

See also

Danish

Alternative forms

Etymology

Borrowed from French laissez faire

Pronunciation

  • IPA(key): [lɛseˈfɛːɐ̯]

Noun

laissez faire c (uncountable)

  1. laissez faire

Derived terms

  • laissez faire-politik

References

French

Noun

laissez faire m (uncountable)

  1. (rare) dated form of laisser-faire

Verb

laissez faire

  1. inflection of laisser faire:
    1. second-person plural present indicative
    2. second-person plural imperative

Indonesian

Etymology

Unadapted borrowing from French laissez faire (leave it be, literally let do).

Noun

laissez faire

  1. (economics, politics) laissez faire

Further reading

Spanish

Etymology

From French [Term?].

Noun

laissez faire m

  1. laissez faire

Further reading