Laissez Faire ne se Laisse Plus Faire
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Only one hundred years ago the doctrine of laissez faire — of free trade within and between nations with an absolute minimum of government interference — was an almost unchallenged dogma, as it still is today among many conservative or liberal thinkers. Theoretically it has been backed up by the Hayek — Friedman school for the domestic economy and by the Ricardo — Harry Johnson school in the international economy.
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- 1).For one set of estimates, see J.W. Hare, The U.S. and World Development. Agenda for Action 1975. Overseas Development Council and Praeger Publishers, New York 1975, p. 214.Google Scholar
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