Friday, January 16, 2009
laissez-faire adjective [les-ey FAIR] the principle that business, industry, trade, etc. should operate with a minimum of regulation and interference by government
Definitions for laissez-faire
- the principle that business, industry, trade, etc. should operate with a minimum of regulation and interference by government
- maintaining the principle of letting people do as they please
Get the Word of the Day Email
Citations for laissez-faire
Some Ryder Cup captains take a laissez-faire approach. Jack Nicklaus told me jokingly last week, in an interview posted on WSJ.com, that his job as captain was to deliver a few speeches and make sure the players had "fresh towels, sunscreen and tees."
His laissez-faire ideas went from maverick to mainstream during his lifetime. He began graduate studies in economics during the Great Depression as the theories of British economist John Maynard Keynes were revolutionizing his profession.
Origin of laissez-faire
by 1825, from French, literally "let (people) do (as they think best)," from laissez "let" + faire "to do" (from Latin facere).