laissez faire

laissez faire

See also: laissez-faire

English

WOTD – 13 July 2008

Alternative forms

• laissez-faire, laisser faire, laisser-faire

Etymology

Borrowed from French laissez faire (“leave it be”, literally “let do”).

Pronunciation

• (UK) IPA^(key): /ˈlæseɪ ˌfeə(ɹ)/, /ˈleɪseɪ ˌfeə(ɹ)/
• (General American) enPR: lĕs'ā fârʹ, lĕz'ā, lā'sā('), lā'zā('), IPA^(key): /ˌlɛ(ˌ)seɪ ˈfeɹ/, /ˌleɪ-/, /-(ˌ)zeɪ/

• Audio (US)

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• Audio (AU)

  (file)

• Rhymes: -ɛə(ɹ)
• Hyphenation: lais‧sez faire

Noun

laissez faire (uncountable)

1. (economics, politics) A policy of governmental non-interference in economic affairs.
   • 1843 April, Thomas Carlyle, chapter 9, in Past and Present, American edition, Boston, Mass.: Charles C[offin] Little and James Brown, published 1843, OCLC 191225086, book I (Proem), page 106:

     In brief, all this Mammon-Gospel of Supply-and-demand, Competition, Laissez-faire, and Devil take the hindmost, begins to be one of the shabbiest Gospels ever preached on Earth; or altogether the shabbiest.

2. A policy of non-interference by authority in any competitive process.

Translations

economics: a policy of governmental non-interference in economic affairs

Chinese: Mandarin: 放任 (zh) (fàngrèn), 不干涉 (zh) (bùgānshè), 自由放任 (zh) (zìyóufàngrèn) Finnish: laissez-faire-politiikka French: laissez-faire (fr) m, laisser-faire (fr) m Georgian: ჩაურევლობა (čaurevloba) German: Laissez-faire n Icelandic: afskiptaleysi stjórnvalda n Japanese: レッセフェール (ressefēru), 自由放任 (じゆうほうにん, jiyūhōnin) Malay: laissez-faire Portuguese: laissez-faire m Russian: невмеша́тельство (ru) n (nevmešátelʹstvo), лессе-фе́р m (lessɛ-fɛ́r) Swedish: laissez-faire (sv) Turkish: laissez-faire

Adjective

laissez faire (comparative more laissez faire, superlative most laissez faire)

1. (economics, politics) Practicing or representing governmental noninterference, or minimal interference, especially in economic affairs; pertaining to free-market capitalism.

   I think the city should take a laissez faire approach to this; getting involved would only make things worse.

2. (economics, politics) Advocating such noninterference.

   The Senator claims to be laissez faire, but he voted in favor of the subsidies.

3. (economics) Resulting from such noninterference.

   The price ceiling was well below the laissez faire price that demand would have supported, so there were always shortages.

4. (of a person) Avoiding interference in other people's affairs; choosing to live and let live.

Translations

economics, politics: practicing or representing governmental noninterference, or minimal interference

Finnish: laissez-faire

politics: advocating such noninterference

economics: resulting from such noninterference

of a person: avoiding interference in other people's affairs

Icelandic: afskiptalaus m, afskiptaleysis- (is)

See also

• benign neglect
• hands off
• laissez aller
• laissez passer
• let it be
• let nature take its course

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French

Noun

laissez faire m (uncountable)

1. (rare) Dated form of laisser-faire.

Verb

laissez faire

1. inflection of laisser faire:
   1. second-person plural present indicative
   2. second-person plural imperative