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Laissez-faire Versus Government Intervention. Historically, the U.S. government policy toward business was summed up by the French term laissez-faire -- "leave it alone." The concept came from the economic theories of Adam Smith, the 18th-century Scot whose writings greatly influenced the growth of American capitalism.
Government Involvement vs. Laissez-faire Traditionally, the American government's approach to business has been summarized by the French word laissez-faire, which means "leave this one alone."
The idea was inspired by Adam Smith's economic ideas, a Scot who lived in the 18th century and whose writings had a significant impact on the development of American capitalism.
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