Laissez-Faire

Laissez-faire (; French: [lɛsefɛʁ] (listen); from French: laissez faire, lit. 'let do') is an economic system in which transactions between private groups of people are free from or almost free from any form of economic interventionism such as regulation and subsidies. As a system of thought, laissez-faire rests on the axioms that the individual is the basic unit in society and has a natural right to freedom; that the physical order of nature is a harmonious and self-regulating system; and that corporations are creatures of the state and therefore the citizens must watch them closely due to their propensity to …

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Publications

NBER: National Bureau of Economic Research · 31 May 2024 English

We study the role of exchange rates in industrial policy. We construct an open-economy macroeconomic framework with production externalities and show that the desirability of these policies critically depends on …

benchmark notion as follows. Definition 4. A laissez-faire competitive equilibrium is a competitive equilibrium otes: This figure shows the allocations of the laissez-faire competitive equilibrium (blue line) and the same level of nontradable production as in the laissez-faire equilibrium. In the tradable sector, both effects variables for the optimal policy relative to the laissez-faire competitive equilibrium. The economy features a depreciated exchange rate relative to the laissez-faire compet- itive equilibrium exchange rate in the


EPRS: European Parliamentary Research Service · 29 May 2024 Spanish

Este documento se integra en una serie de estudios que, desde una perspectiva de Derecho Comparado, tienen como objeto analizar la libertad de empresa en diferentes ordenamientos jurídicos. Tras una …

con una disyuntiva patente entre la visión laissez faire del texto constitucional, que sólo dotó al Estado equilibrio entre la naturaleza nominalmente laissez faire de la Constitución de 1857 y las aspiraciones que un modelo puro de capitalismo de corte laissez faire corre el peligro de promover los intereses de


NBER: National Bureau of Economic Research · 24 May 2024 English

Public health interventions often involve a trade-off between improving health and protecting individual rights. We study this trade-off in a high-stakes setting: prostitution regulations aimed at reducing the spread of …

substantially improve public health relative to a laissez-faire environment. Second, the suc- cess of such a the effects of regulating the sex trade in a laissez- faire environment, which has not been examined in inspection in a laissez-faire environment. Our results show that, relative to laissez-faire, a system of


ORF: Observer Research Foundation · 24 May 2024 English

comprehensive regulation seen in the European Union (EU), described as “innovation-stifling”; and the laissez-faire , innovation-centric approach of the United States (US), largely driven by private sector interests

described as “innovation-stifling”; and the laissez-faire, innovation-centric approach of the United encourage other nations to adopt a similar laissez-faire approach to foster their AI companies. The


World Bank Group · 23 May 2024 English

Rural-to-urban migration in China has transformed the lives of millions of rural residents. This paper reviews empirical evidence on the impacts of migration on the welfare of individuals and households …

private transfers to income? Evidence from a laissez-faire economy. Journal of Public Economics 88, 2193–2219


NBER: National Bureau of Economic Research · 23 May 2024 English

Using data on U.S. state and federal taxes and transfers over a quarter century, we estimate a regression model that yields the marginal effect of any shift of market income …

the belief that effort pays off and has more laissez faire outcomes, whereas the latter is characterized


World Bank Group · 23 May 2024 English

Rural-to-urban migration in China has transformed the lives of millions of rural residents. This paper reviews empirical evidence on the impacts of migration on the welfare of individuals and households …

private transfers to income? Evidence from a laissez-faire economy. Journal of Public Economics 88, 2193–2219


Brookings Institution · 21 May 2024 English

The current fast-paced advancement of AI has been described as an "unprecedented moment in history" by one of the pioneers of this field, Yoshua Bengio, at a U.S. Senate hearing …

recently, the U.S. government has pursued a more laissez-faire approach (https://www.brookings.edu/researc Executive Order, the United States had adopted a laissez-faire approach (https://www.brookings.edu/researc


Heritage Foundation · 20 May 2024 English

Larkin This is the tenth and last paper in The Heritage KEY TAKEAWAYS Foundation’s series on Twenty-First Century Illicit Drugs and Their Discontents.1 At the The criminal justice system is …

observed, no modern society has endorsed a purely laissez faire or libertarian approach to drug policy, and


CEC: Chaire Economie du Climat · 16 May 2024 English

District (CBD) and the Secondary Business Districts (SBDs) are determined at both the equilibrium (“Laissez-faire”) and the optimum (a benevolent planner maximizes the welfare of the inhabitants). [...] However

(SBDs) are determined at both the equilibrium (“Laissez-faire”) and the optimum (a benevolent planner maximizes metropolitan area work? Neither big government, nor laissez-faire. Journal of Public Economics. 134: 100–113.


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