A Quote by John Maynard Keynes
Thus, the weight of my criticism is directed against the inadequacy of the theoretical foundations of the laissez-faire doctrine upon which I was brought up and for many years I taught
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To check centralization and usurping of power ... we require a new laissez-faire. The old laissez-faire was founded upon a misapprehension of human nature, an exultation of individuality (in private character often a virtue) to the condition of a political dogma, which destroyed the spirit of community and reduced men to so many equipollent atoms of humanity, without sense of brotherhood or purpose.
Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.
There was nothing natural about laissez-faire; free markets could never have come into being merely by allowing things to take their course. Just as cotton manufactures were created by the help of protective tariffs, export bounties, and indirect wage subsidies, laissez-faire was enforced by the state.
[I am against] the Treaty of Rome which entrenches laissez faire as its philosophy and chooses bureaucracy as its administrative method.
Here we are, then, once more back at the old doctrine - Laissez faire. Let us translate it into blunt English, and it will read, Mind your own business. It is nothing but the doctrine of liberty. Let every man be happy in his own way.
The man who accepts the laissez-faire doctrine would allow his garden to grow wild so that roses might fight it out with the weeds and the fittest might survive.
Laissez Faire, laissez passer. Let it be, let it pass. The phrase is not readily translatable. It was widely used by the Physiocrats in urging freedom from government interference and was adopted by Adam Smith.
Laissez-faire capitalism, or anarchocapitalism, is simply the economic form of the libertarian ethic. Laissez-faire capitalism encompasses the notion that men should exchange goods and services, without regulation, solely on the basis of value for value. It recognizes charity and communal enterprises as voluntary versions of this same ethic. Such a system would be straight barter, except for the widely felt need for a division of labor in which men, voluntarily, accept value tokens such as cash and credit. Economically, this system is anarchy, and proudly so.
The Cabal is of two kinds, theoretical and practical, with the practical Cabala, which is engaged in the construction of talismans and amulets, we have nothing to do. The theoretical is divided into the lineal and dogmatic. The dogmatic is nothing more than the summary of the metaphysical doctrine taught by the Cabalist doctors. It is, in other words, the system of the Jewish philosophy.
Throughout the 19th century, when there was a laissez-faire mentality and insufficient regulation, you had one crisis after another. Each crisis brought about some reform. That is how central banking developed.
I've learnt that from stand-up - you should always worry that it's going to go badly, otherwise you're too laissez faire.
It was good fun being a pop singer. I had quite a laissez-faire attitude towards it which I think is why it worked.
Our policy is directed not against any country or doctrine but against hunger, poverty, desperation and chaos. Its purpose should be the revival of a working economy in the world so as to permit the emergence of political and social conditions in which free institutions can exist.
My parents couldn't be looser. It was the ultimate laissez faire upbringing.
My parents couldnt be looser. It was the ultimate laissez faire upbringing.
The principle of laissez-faire may be safely trusted to in some things but in many more it is wholly inapplicable; and to appeal to it on all occasions savors more of the policy of a parrot than of a statesman or a philosopher.
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