Avoiding intervention in the economic processes by any government body.
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.
1. It is the responsibility of government to care for the general welfare of the public, especially in the economic arena.
2. Laissez faire economics leads to the economic oppression of the masses, especially by those in control of large amounts of wealth.
The Encyclopedia of World Problems and Human Potential is a unique, experimental research work of the Union of International Associations. It is currently published as a searchable online platform with profiles of world problems, action strategies, and human values that are interlinked in novel and innovative ways. These connections are based on a range of relationships such as broader and narrower scope, aggravation, relatedness and more. By concentrating on these links and relationships, the Encyclopedia is uniquely positioned to bring focus to the complex and expansive sphere of global issues and their interconnected nature.
The initial content for the Encyclopedia was seeded from UIA’s Yearbook of International Organizations. UIA’s decades of collected data on the enormous variety of association life provided a broad initial perspective on the myriad problems of humanity. Recognizing that international associations are generally confronting world problems and developing action strategies based on particular values, the initial content was based on the descriptions, aims, titles and profiles of international associations.
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