Ana içeriğe atla

What is Laissez-Faire?

What is Laissez-Faire?

The idea that people should be free to choose how to do things, without too much control from someone in authority.

If a government is laissez-faire, it does not have many laws and rules that control the buying and selling of goods and selling of goods and services.

Laissez-faire is an economic theory dating back to the 18th century that opposes any government intervention in business affairs. The driving principle behind laissez-faire economics is that the less the government is involved in the economy, the better off business, and society as a whole, will be.

It is a French term that translates to "leave alone," or more literally to "let you do."


Laissez-faire emphasizes minimal government intervention in business, promoting economic growth, innovation, and competition. However, it has drawbacks, including potential harm to consumers and the environment, wealth inequality, and the exploitation of resources. The lack of regulation can lead to negative externalities and incentivize bad actors to exploit loopholes, creating challenges in balancing economic freedom with social welfare.


References:

  1. aissez-faire. (2025). In Merriam-Webster Dictionary. https://www.merriam-webster.com/dictionary/laissez-faire
  2. Wikipedia contributors. (2025c, January 12). Laissez-faire. Wikipedia. https://en.wikipedia.org/wiki/Laissez-faire
  3. Team, I. (2024, June 28). What is a Laissez-Faire economy, and how does it work? Investopedia. https://www.investopedia.com/terms/l/laissezfaire.asp
Selin Lara Yener

Yorumlar

Yorum Gönder

Bu blogdaki popüler yayınlar

Report on Joan Miró and Public Art in Urban Design

Report on Joan Miró and Public Art in Urban Design Joan Miró, Sun, Moon and One Star. Credit: Sharon Mollerus on Flickr Creative Commons, CC BY 2.0 Deed The Joan Miró exhibition, Image, Text, Sign , at Arkas Art Center in Izmir showcases the innovative works of the celebrated Spanish artist. Among his most iconic creations is Dona i Ocell ( Woman and Bird , 1987), a monumental sculpture in Barcelona that combines bold colors and abstract forms. This piece exemplifies the transformative impact of public art, serving as a cultural landmark that fosters a sense of identity and community. Miró’s works, characterized by their playful symbolism and vivid aesthetics, invite viewers to engage with art in everyday spaces, blurring the boundaries between art and urban life. Public art, such as Miró’s creations, plays a crucial role in contemporary urban design. It enhances the visual appeal of urban landscapes, creating vibrant, accessible spaces that encourage community interaction. Beyond aes...
Yorum Gönder
Devamı

Report on “Of Time and the City” (2008)

Report on “Of Time and the City” (2008) Of Time and the City Terence Davies’s documentary film, Of Time and the City (2008), offers a deeply personal reflection on the city of Liverpool, capturing its transformation from post-war industrial decline to its modern revitalization. The film explores themes of nostalgia, urban deterioration, and societal change through archive footage, poetry, classical music, and Davies' sad narration. Davies explores the urban landscape with a combination of critique and fondness, focusing on housing problems, class fights, and cultural upheavals that have altered Liverpool. This film is important as it provides a unique lens on the interplay between memory, identity, and urban evolution. By blending historical footage with personal narrative, Davies invites the audience to reflect on their own relationship with the cities they inhabit. His critical yet poetic approach makes the film resonate far beyond Liverpool, offering insights into broader urban...
Yorum Gönder
Devamı

What are the characteristics of the City Beautiful Movement?

What are the characteristics of the City Beautiful Movement? The City Beautiful movement, which emerged in the late 19th and early 20th centuries , was an urban planning and architectural reform movement that sought to improve city life through the creation of aesthetically pleasing and harmonious urban environments. This movement was driven by a belief that well-designed cities could foster social harmony, economic prosperity, and civic pride.  Key characteristics of the City Beautiful movement include a focus on grand, monumental architecture and public spaces that emphasized symmetry, order, and grandeur . Streets, parks, and public buildings were meticulously planned to create a sense of unity and beauty, often incorporating classical elements such as columns, domes, and wide boulevards. The movement was deeply influenced by the ideals of the City Beautiful movement, which stressed the importance of creating spaces that enhanced the moral and intellectual well-being of citize...
Yorum Gönder
Devamı