Laissez-faire economics helped the country industrialize. Supporters of Laissez-faire believe that government should not interfere in the economy other than protect property rights and maintain peace.
He was a strong supporter of laissez faire economics
FDR
Adam Smith
No.
Laissez-faire economics IS an economic system. However, it is a subset of wider capitalism.
He was a strong supporter of laissez faire economics
Pioneer can be used as both a noun and a verb, as in "Adam Smith was the first pioneer of Laissez-Faire Economics" or "Adam Smith pioneered the idea of Laissez-Faire economics."
FDR
Adam Smith
No.
Laissez-faire economics IS an economic system. However, it is a subset of wider capitalism.
Adam Smith and other philosophers of industrialization viewed natural laws as the foundation for free trade and economy ("laissez faire economics").
A laissez-faire leader is a leader who advocates free market economics with as little government intervention as possible.
Adam Smith.
little government intervention
little government intervention.
laissez-faire economics