Economics Dictionary of ArgumentsHome
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| Laisser-faire: Laisser-faire is an economic doctrine advocating minimal government intervention in the market. It argues that free markets and self-regulating forces lead to efficient allocation of resources, economic growth, and prosperity. This policy emphasizes individual freedom and the invisible hand guiding economic activity. See also Liberalism, Libertarianism._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Murray N. Rothbard on Laisser-faire - Dictionary of Arguments
Rothbard II 281 Laisser-faire/Rothbard: In general, the British classical economists had not exactly been consistent laissez-faire stalwarts, in contrast to J.B. Say and his school in France, including such people as Charles Comte, Charles Dunoyer, Frederic Bastiat, Gustave de Molinari, and their numerous followers. In Britain, consistent laissez-faire advocates were to be found rather among writers, intellectuals, and businessmen in Manchester, such as Richard Cobden, John Bright and the recently successful Anti-Corn Law League. They were also to be found in The Economist, edited by James Wilson, particularly in its editorial staffwriters, Thomas Hodgskin (1787-1869) and young Herbert Spencer (1820-1903). But while the classical economists were not hard-core free market men, they at least tended strongly in that direction; ifnot a principle, laissez-faire was for them at least a guide or tendency to which they could at least partially orient their position. >Free market._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Rothbard II Murray N. Rothbard Classical Economics. An Austrian Perspective on the History of Economic Thought. Cheltenham, UK: Edward Elgar Publishing. Cheltenham 1995 Rothbard III Murray N. Rothbard Man, Economy and State with Power and Market. Study Edition Auburn, Alabama 1962, 1970, 2009 Rothbard IV Murray N. Rothbard The Essential von Mises Auburn, Alabama 1988 Rothbard V Murray N. Rothbard Power and Market: Government and the Economy Kansas City 1977 |
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