laissez faire

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laissez faire

Wikipedia

• laissez-faire, laisser faire, laisser-faire

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

• (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):

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• Audio (General Australian):

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• Rhymes: -ɛə(ɹ)
• Hyphenation: lais‧sez faire

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 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:

     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.

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.

   • 2001 [1944], Karl Polanyi, “12. Birth of the Liberal Creed”, in The Great Transformation‎:

     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.

4. (of a person) Avoiding interference in other people's affairs; choosing to live and let live.

• benign neglect
• hands off
• laissez aller
• laissez passer
• let it be
• let nature take its course

laissez faire m (uncountable)

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

laissez faire

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

Unadapted borrowing from French leave it be (literally “let do”).

laissez faire

1. (economics, politics) laissez faire

• “laissez faire” in Kamus Besar Bahasa Indonesia, Jakarta: Agency for Language Development and Cultivation – Ministry of Education, Culture, Research, and Technology of the Republic of Indonesia, 2016.