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Laissez Faire

Published on Nov 22, 2015

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1.

LAISSEZ FARIRE

TAYLOR GARRISON, HAMZA HAMID, TRACI HAMILTON, ASLY FLORES
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The doctrine says government generally should not intervene in the market place.

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3.

Adam Smith and other early free market philosophers were some of the first to preach the Laissez Faire.

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4.

What they thought :
Adam Smith and other philosophers thought that the free market would provide the greatest benefit for consumers and raise the standard of living.

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5.

Smith and others quickly realized that you need the governments help in the market place because there would be little incentive to develop new products without property laws enforced by the government.

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