Laissez-faire (jan 1, 1700 – jan 1, 1900)
Description:
Economic philosophy a "hands off" approach. Advocates that governments should not in any way interfere with business, as the marketplace provides an "invisible hand" to steer the economy. An early proponent was Adam Smith.Added to timeline:
Date:
jan 1, 1700
jan 1, 1900
~ 200 years