laissez-faire
(adjective)
Describes a policy of governmental non-interference in economic affairs.
Examples of laissez-faire in the following topics:
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The Development of Sociology in the U.S.
- Ward is most often remembered for his criticism of the laissez-faire theories advanced by Herbert Spencer and popular among his contemporaries.
- Ward disagreed with Spencer and Sumner and, in contrast to their laissez-faire approach, promoted active intervention.
- While classical liberalism (featuring such thinkers as Adam Smith and John Stuart Mill) had sought prosperity and progress through laissez-faire policies, Ward's "American social liberalism" sought to enhance social progress through direct government intervention.
- The thing that made Ward most attractive in the 19th century, his criticism of laissez faire, made him seem dangerously radical to the ever-cautious academic community in early 20th century America.
- Ward was basically replaced by Durkheim in the history books, which was easily accomplished because Durkheim's views were similar to Ward's but without the relentless criticism of lassiez faire and without Ward's calls for a strong, central government and "social engineering".
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State-Centered Theories
- The laissez-faire era of United States economic history, which occurred around the turn of the 20th century—when the government generally left the economy unregulated—reflects a belief in market-driven theories of inequality.
- Laissez-faire policy led to corporate monopolies and a vast gap between the wealth of capitalist business owners and wage laborers.
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Early Social Research and Martineau
- Her goal was to popularize and illustrate the principles of laissez faire capitalism, though she made no claim to original theorizing.
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Capitalism
- Economists usually focus on the degree that government does not have control over markets (laissez-faire economics), and on property rights.
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Choosing Leaders
- In the laissez-faire leadership style, a person may be in a leadership position without providing leadership, leaving the group to fend for itself.
- Evaluate the seven types of leadership (functional, autocratic, democratic, laissez-faire, expressive, authoritarian, and toxic) arguing which one is best
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Population Trends
- Some approach overpopulation with a laissez-faire attitude, arguing that if the earth's ecosystem becomes overtaxed, it will naturally regulate itself.
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Population Growth and Overpopulation
- Some approach overpopulation with a survival of the fittest, laissez-faire attitude, arguing that if the Earth's ecosystem becomes overtaxed, it will naturally regulate itself.
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Capitalism
- Critics have argued that there is an inherent tendency towards oligopolistic structures when laissez-faire laws are combined with capitalist private property.
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Global Trade: Inequalities and Conflict
- In response, fair trade, or an economic system that emphasizes living wages for the producers of goods, has developed as an alternative to free trade in the last several years.
- Fair trade products are slightly more expensive but certify that the excess cost is passed along to the workers to ensure better living and working conditions.
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Segregation
- The Fair Housing Act of 1968, administered and enforced by the Office of Fair Housing and Equal Opportunity, prohibited discrimination in the sale and rental of housing on the basis of race, color, nationality, religion, sex, familial status and disability.