Who coined the phrase laissez faire?

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1220820

2026-03-03 19:10

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The phrase "laissez-faire" was popularized by the French Physiocrats in the 18th century, particularly by the economist Vincent de Gournay. He is often credited with coining the term, which translates to "let do" or "let go," advocating for minimal government intervention in economic affairs. The concept became a foundational principle of classical economics, emphasizing free markets and limited regulation.

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