strategy

Transmitting laissez-faire policies

Synonyms:
Advocating free markets
Promoting laissez-faire economics
Description:

Avoiding intervention in the economic processes by any government body.

Context:

The basic philosophy was developed or taught by Jean Baptiste Say, James and John Stuart Mill, Jeremy Bentham, and Charles de Tocqueville. Society is a group of individuals, highly competitive, possessed of equal rights, who through searching for and acting out of their own economic interests will naturally bring about the general welfare. Generally under criticism throughout the end of the 19th and beginning of the 20th centuries, it ceased to be a policy of any modern state by the end of World War I.

Counter Claim:

It is the responsibility of government to care for the general welfare of the public, especially in the economic arena.

Type Classification:
G: Very Specific strategies
Related UN Sustainable Development Goals:
GOAL 8: Decent Work and Economic GrowthGOAL 9: Industry, Innovation and InfrastructureGOAL 16: Peace and Justice Strong Institutions