• Zeus

Lais·sez-faire

A policy or attitude of letting things take their own course, without interfering.

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"Laissez-faire is economical brilliance."

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Abstention by governments from interfering in the workings of the free market.

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"He thought laissez faire was fair."

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Laissez-faire; French: “allow to ddo” -- policy of minimum governmental interference in the economic affairs of individuals and society. Said to be derived from the answer Jean-Baptiste Colbert, comptroller general of finance under King Louis XIV of France, received when he asked industrialists what the government could do to help business: “Leave us alone.”

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