What is the history of the laissez fairre theory?

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2026-07-11 09:10

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Laissez-faire was first used by physiocrats, economists who believed that the sole basis of a nation's wealth was the value of their land and agriculture, in the 18th century. They used the french term, let do, as a doctrine against government interference in free-trade. Wikipedia has a more in-depth description and history with good references.

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