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Adam Smith was a famous philosopher and economist that suggested that government should follow a policy of laissez-faire during the 18th century.

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Q: Which philosopher and economist suggested that the government should follow a policy of laissez faire?
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What would a laissez faire economist most likely favor?

Minimal government regulation of the marketplace


What would a laissez-faire economist most likely favor?

Minimal government regulation of the marketplace


Who is the Scottish economist known for his laissez faire doctrines?

publius


What is the current law that affects the goods Americans buy and what would a laissez-faire economist think of it?

The WTO world trade organization would probably tell the United States to cease and desist protectionist measures that run counter to the agreements signed. A laissez-faire economist has a liberal view of goods and services thus it would not sit well with a laissez faire economist


At the time of World War 2 this economist spoke against laissez-faire arguing that government is necessary to address the problem of economic inequality?

Pigou


Who was a Scottish economist known for his laissez faire doctrines.?

Adam Smith.


Who was the laissez-fair economist supported by early 1800 liberals?

Adam Smith


Difference between laissez- faire and mercantilism?

laissez-faire has no control by the government, while mercantilism is an economy controlled by the government


Economic policy by which the government minimizes its regulation of industry?

laissez-faire laissez-faire


What was the cure for poverty suggested by laissez faire economists?

have less children and work more


What does it mean when government takes a laissez- faire form of policy?

Basically, it means that the government will not do anything. When you hear the word Laissez think Lazy.


What is the laissez- fire?

In a truly Laissez-fire economy, the government does not do anything related to the economy. There are probably no truly laissez-fire economies in the world.