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I have no clue, any ideas?

2007-07-30 14:16:39 · 2 answers · asked by Anonymous in Social Science Economics

2 answers

The entire statement is false anyways:

Keynes was the complete opposite of laissez-faire.

I read Adam Smith's "Wealth of Nations" which was about 1500 pages, and I don't recall any laissez-faire attitude at all.

Embarrasingly so, I had to look up Schumpeter, and he believed in minimalist structure, but not laissez-faire.

2007-07-30 14:30:58 · answer #1 · answered by Nep 6 · 0 0

No. Each had ideas on how economies work. Based on their theories governments decide on if and how to intervene. The term "laissez faire" refers to government policies rather than economic theories.

2007-07-30 14:35:05 · answer #2 · answered by jemhasb 7 · 0 0

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