What is a laissez-faire economy?Are there any good economics websites that are good for a beginner?

Question

If you study economics please give me good sites, thank you.

Answer 1

Wikipedia:

Laissez-faire (IPA: [lɛse fɛr]) or laisser-faire is short for laissez faire, laissez aller, laissez passer, a French phrase meaning "let do, let go, let pass." From the French diction first used by the eighteenth century physiocrats as an injunction against government interference with trade, it became used as a synonym for strict free market economics during the early and mid-19th century. It is generally understood to be a doctrine that maintains that private initiative and production is best to roam free, opposing economic interventionism and taxation by the state beyond that which is perceived to be necessary to maintain peace, security, and property rights.[1] Libertarian-oriented laissez-faire advocates oppose all taxation. Laissez-faire also embodies free trade, namely that a state should not use protectionist measures, such as tariffs, in order to curtail trade between nations.

In the early stages of European and American economic theory, laissez-faire economic policy was contrasted to mercantilist economic policy, which had been the dominant system of the United Kingdom, Spain, France and other European countries, during their rise to power.

The term laissez-faire is often used interchangeably with the term "free market." Some may use the term laissez-faire to refer to "let do, let pass" attitude for concepts in areas outside of economics.[2]

Answer 2

Laissez-faire (IPA: [lɛse fɛr]) or laisser-faire is short for laissez faire, laissez aller, laissez passer, a French phrase meaning "let do, let go, let pass." From the French diction first used by the eighteenth century physiocrats as an injunction against government interference with trade, it became used as a synonym for strict free market economics during the early and mid-19th century. It is generally understood to be a doctrine that maintains that private initiative and production is best to roam free, opposing economic interventionism and taxation by the state beyond that which is perceived to be necessary to maintain peace, security, and property rights.[1] Libertarian-oriented laissez-faire advocates oppose all taxation. Laissez-faire also embodies free trade, namely that a state should not use protectionist measures, such as tariffs, in order to curtail trade between nations.

http://en.wikipedia.org/wiki/Laissez-faire

http://www.freeessays.cc/db/15/euz204.shtml

Answer 3

I studied economics & it was all in textbooks at the time.

But the thing to know is that each and every rule, tax, regulation, law & statute that you remove has a purpose - remove too many or too few and your country could end up in serious trouble.

Laissez-faire thinkers including Thatcher & Reagan (plus the economists who you have never heard of ... monetarists versus neoclassicals verus keynsians versus austrian school) have always advocated reducing the level of all the above, particularly taxes, red tape & trade unions and of selling off, privatising, deregulating all state owned industry & utilities - they are not remembered very popularly by the blue-collar workers.

Answer 4

Yes, there are several good websites for beginners in Laissez-faire economy. See http://faculty.oxy.edu/gsecondi/dev.html for Professors Secondi's development homepage.

a-days-pay.blogspot.com

www.wsj.com

Answer 5

An excellent book on economics is "Free to Choose: A personal Statement", by Milton Friedman with Rose Friedman. It is written in plain language that is easy to grasp.

It was written in 1980, but it is perfectly up to date. Milton Friedman died this last week, and was acknowledged as one of the best economists of our generation.

The following website will give you a list of his works and references.

Answer 6

this site has a simplified version of the A-level syllabus on the subject

www.economicsrevision.co.uk/

Answer 7

It means minimal government interference. Our government should take note.