<political philosophy> French vocative phrase meaning "Allow to do!". Hence, in political philosophy and economics, a presumption against the desirability of governmental interference with the natural order of society in general and with the conduct of free trade in particular. Recommended Reading: Rajani Kannepalli Kanth, Political Economy and Laissez Faire: Economics and Ideology in the Ricardian Era (Rowman & Littlefield, 1986) and Gilbert Faccarello, Foundations of 'Laissez-Faire' (Routledge, 1999).
[A Dictionary of Philosophical Terms and Names]
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