Who discovered the laissez faire approaches?

Answer 1

The laissez-faire economic approach is most commonly associated with the French economist Adam Smith, who articulated its principles in his seminal work, "The Wealth of Nations," published in 1776. However, the term "laissez-faire" itself was popularized by French Physiocrats in the 18th century, particularly by François Quesnay. They emphasized minimal government intervention in the economy, advocating for free markets as a means to promote economic prosperity.