Search results
Results from the WOW.Com Content Network
The French phrase laissez-faire gained currency in English-speaking countries with the spread of Physiocratic literature in the late 18th century. George Whatley 's 1774 Principles of Trade (co-authored with Benjamin Franklin ) re-told the Colbert-LeGendre anecdote; this may mark the first appearance of the phrase in an English-language ...
The dependence of laissez-faire on global hegemony is a complicated problem because this is the field where political leaders need negotiation to keep their political power for two main purposes. They need to maintain both the protection of the position of the nation within the international state system and the effective function of the ...
Lester F. Ward, the American Aristotle: A Summary and Interpretation of His Sociology (Duke University Press, 1939) Fine, Sidney. Laissez Faire and the General-Welfare State: A Study of Conflict in American Thought, 1865–1901 (1956), pp. 252–288; Muccigrosso, Robert, ed. Research Guide to American Historical Biography (1988) 3:1570–1574
Carlyle contributed to the awakening of social conscience among the reading public and understood the social and political importance of literature. He attacked the growing materialism of Victorian society and its laissez-faire doctrine. In his attacks on the wealthy, Carlyle anticipated some of the ideas of the condition-of England novels.
Historian Kathleen G. Donohue argues that classical liberalism in the United States during the 19th century had distinctive characteristics as opposed to Britain: "[A]t the center of classical liberal theory [in Europe] was the idea of laissez-faire.
Friedman argues that laissez-faire government policy is more desirable than government intervention in the economy. Governments should aim for a neutral monetary policy oriented toward long-run economic growth, by gradual expansion of the money supply. He advocates the quantity theory of money, that general prices are determined by money ...
The freedom to contract is the underpinning of laissez-faire economics and is a cornerstone of free-market libertarianism. The proponents of the concept believe that through "freedom of contract", individuals possess a general freedom to choose with whom to contract, whether to contract or not, and on which terms to contract.
William Graham Sumner (October 30, 1840 – April 12, 1910) was an American clergyman, social scientist, and neoclassical liberal.He taught social sciences at Yale University, where he held the nation's first professorship in sociology and became one of the most influential teachers at any major school.