114k views
21 votes
Who introduced the concept of laissez-faire?

User A S
by
4.9k points

2 Answers

6 votes

Answer: economist Adam Smith

Explanation: The policy of laissez-faire received strong support in classical economics as it developed in Great Britain under the influence of the philosopher and economist Adam Smith.

User Nuri Hodges
by
4.6k points
8 votes

Answer:

Jean-Baptiste Colbert, the financial director of emperor Louis XIV of France, was the first one to create the laissez-faire philosophy.

User Shtefan
by
4.7k points