Think about what you've learned about laissez-faire and rights. Then, complete each statement.
Laissez-faire means that the government with people’s right to pursue happiness.
The idea of laissez-faire, or how much the government should do, is .
Answers
Answered by
37
Answer: does not interfere
debated heavily
Explanation:
Answered by
0
Answer:
Laissez-faire means minimal government intervention in people's and society's economic matters.
Explanation:
- Although the phrase's origin is unknown, folklore indicates that it was inspired by the response that industrialists gave when King Louis XIV of France's comptroller general of finance Jean-Baptiste Colbert asked them what the government could do to support business: "Leave us alone." The Physiocrat economists, who were influential in France from roughly 1756 to 1778, are typically linked to the laissez-faire philosophy.
- As laissez-faire emerged in Britain under the influence of the philosopher and economist Adam Smith, it got strong backing from classical economics.
- Laissez-faire ideology was widely held during the 19th century. Its supporters defended their belief in unrestrained individual action by pointing to the classical economic theory that a natural economic order exists.
- In his book Principles of Political Economy (1848), British philosopher and economist John Stuart Mill outlined the justifications for and against the involvement of the government in economic issues, which is credited with introducing this philosophy into mainstream economic discourse.
- Both a political and an economic ideology, laissez-faire.
- The prevailing view of the 19th century was that individuals would advance the best interests of the community they were a part of by following their own preferred goals.
- The role of the state was to uphold order and security while avoiding interfering with people's initiative to pursue their own intended goals.
- However, proponents of laissez-faire claimed that the government played a crucial part in upholding civil order and enforcing contracts.
- Laissez-faire ideology was widely held during the 19th century. Its supporters defended their belief in unrestrained individual action by pointing to the classical economic theory that a natural economic order exists.
#SPJ3
Similar questions