laissez
Allow, in French
Laissez is a French verb meaning "let" or "allow," appearing in English almost exclusively in the phrase laissez-faire—the doctrine that government should not interfere in economic affairs.
Occasionally the phrase laissez-passer appears, referring to a permit or pass allowing free movement.
Commerce without state intervention
- invisible handUnintended societal benefit from self-interest
- deregulationRemoving governmental business restrictions
- privatizationState sells public assets
- free tradeUnrestricted international exchange
classical economics · Adam Smith · self-interest · competition · supply · demand · entrepreneurship · capitalism
Policy of staying uninvolved
- hands-offNot directly involved
- deregulationRemoving governmental business restrictions
- free enterprisePrivately owned, competitive economy
- liberalizationReducing state economic controls
decentralization · self-regulation · permissiveness · unregulated · unfettered · unrestricted · open market
Not directly involved
- detachedApart or uninvolved
- uninvolvedNot taking part
- passiveNot actively participating
- noninterventionistOpposing foreign policy involvement
indifferent · disengaged · neutral · unconcerned · permissive · tolerant · nonchalant · relaxed
Control over one's fate
- independenceFreedom from external control
- libertyAbsence of unjust constraint
- freedomAbsence of constraint
- self-governanceIndependent management of affairs
self-reliance · individualism · agency · noninterference · self-direction · self-management · voluntarism · personal freedom
free market
Commerce without state intervention
- invisible handUnintended societal benefit from self-interest
- deregulationRemoving governmental business restrictions
- privatizationState sells public assets
free trade · classical economics · Adam Smith · self-interest · competition · supply · demand · entrepreneurship · capitalism · monetarism
nonintervention
Policy of staying uninvolved
- hands-offNot directly involved
- deregulationRemoving governmental business restrictions
- free enterprisePrivately owned, competitive economy
liberalization · decentralization · self-regulation · permissiveness · unregulated · unfettered · unrestricted · open market
hands-off
Not directly involved
- detachedApart or uninvolved
- uninvolvedNot taking part
- passiveNot actively participating
noninterventionist · indifferent · disengaged · neutral · unconcerned · permissive · tolerant · nonchalant · relaxed · lenient
self-determination
Control over one's fate
- independenceFreedom from external control
- libertyAbsence of unjust constraint
- freedomAbsence of constraint
self-governance · self-reliance · individualism · agency · noninterference · self-direction · self-management · voluntarism · personal freedom · individual rights
- laissez fairePolicy of nonintervention
- laissez-faire economicsMinimal state economic involvement