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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 ...
His saying "laissez-faire was planned" implies that laissez-faire is closely involved in managing the market economy. Since the market cannot produce invented fictitious commodities such as money, land, and labor at the right level of sustainable quantities, the government must involve in managing the supply and demand for the production ...
The authors focus on the moral nature of laissez-faire capitalism and private property. They have a very specific definition of capitalism, a system they regard as broader than simply property rights or free enterprise. It was originally published in 1966.
The extension of universal adult male suffrage in 19th century Britain occurred along with the development of industrial capitalism, and democracy became widespread at the same time as capitalism. Research on the democratic peace theory further indicates that capitalist democracies rarely make war with one another and have little internal violence.
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.
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Gladstonian liberalism is a political doctrine named after the British Victorian Prime Minister and Liberal Party leader William Ewart Gladstone.Gladstonian liberalism consisted of limited government expenditure and low taxation whilst making sure government had balanced budgets and the classical liberal stress on self-help and freedom of choice.
In 1996, Laissez Faire Books issued a 50th anniversary edition with an introduction by publisher and presidential candidate Steve Forbes. [4] [5] The book has been translated into many other languages, such as Spanish, German, Russian, Chinese, Korean and Greek. [6]