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laissez-faire

(Encyclopedia)laissez-faire lĕsˌā fârˈ [Fr.,=leave alone], in economics and politics, doctrine that an economic system functions best when there is no interference by government. It is based on the belief that...

bibliography

(Encyclopedia)bibliography. The listing of books is of ancient origin. Lists of clay tablets have been found at Nineveh and elsewhere; the library at Alexandria had subject lists of its books. Modern bibliography b...

Bastiat, Frédéric

(Encyclopedia)Bastiat, Frédéric frādārēkˈ bästyäˈ [key], 1801–50, French economist. In his Harmonies of Political Economy (1850, tr. 1860) he developed the classical theories of economic individualism an...

Gournay, Vincent de

(Encyclopedia)Gournay, Vincent de văNsäNˈ də go͞ornāˈ [key], 1712–59, French economist, precursor of the physiocrats and of Adam Smith. A wealthy merchant, he was in government service as intendant of comm...

Forbes, Malcolm

(Encyclopedia)Forbes, Malcolm, 1919–90, American publisher, b. Englewood, N.J. The third son of a Scottish immigrant who founded Forbes magazine in 1917, he graduated from Princeton (1941), and became publisher o...

Bright, John

(Encyclopedia)Bright, John, 1811–89, British statesman and orator. He was the son of a Quaker cotton manufacturer in Lancashire. A founder (1839) of the Anti-Corn Law League, he rose to prominence on the strength...

Roscher, Wilhelm

(Encyclopedia)Roscher, Wilhelm vĭlˈhĕlm rôshˈər [key], 1817–94, German economist. A professor at the Univ. of Leipzig (1848–94), he was a founder of the German historical school of economics, which reject...

Carey, Henry Charles

(Encyclopedia)Carey, Henry Charles, 1793–1879, American economist, b. Philadelphia; son of Mathew Carey. In 1835 he retired from publishing, where he had done notable work, to devote himself to economics. His Pri...

Manchester school

(Encyclopedia)Manchester school, group of English political economists of the 19th cent., so called because they met at Manchester. Their most outstanding leaders were Richard Cobden and John Bright. Their chief te...

economic planning

(Encyclopedia)economic planning, control and direction of economic activity by a central public authority. In its modern usage, economic planning tends to be pitted against the laissez-faire philosophy which develo...