Last modified on 30 August 2014, at 16:59

laissez faire

EnglishEdit

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Alternative formsEdit

EtymologyEdit

From French laissez faire (leave it be", literally "let do)

PronunciationEdit

  • (UK) IPA(key): /ˈlæs.eɪ ˌfeə(ɹ)/, /ˈleɪ.seɪ ˌfeə(ɹ)/
  • (file)

NounEdit

laissez faire

  1. (economics) A policy of governmental non-interference in economic affairs.
  2. A policy of non-interference by authority in any competitive process.

TranslationsEdit

QuotationsEdit

Usage notesEdit

  • Usually spelled "laissez-faire" in its common attributive use.

AdjectiveEdit

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.
  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.

TranslationsEdit

See alsoEdit


FrenchEdit

PronunciationEdit

  • (file)

NounEdit

laissez faire m (uncountable)

  1. (rare) Dated form of laisser-faire.

VerbEdit

laissez faire

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