Laissez-faire policies are primarily associated with classical economists like Adam Smith, who advocated for minimal government intervention in the economy. Smith's ideas, particularly in his work "The Wealth of Nations," emphasized the benefits of free markets and the "invisible hand" guiding economic activity. This approach gained prominence during the 18th and 19th centuries, influencing economic thought and policy in various Western nations. Ultimately, laissez-faire became a cornerstone of capitalist economic theory.
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