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laissez-faire

(Encyclopedia)laissez-faire lĕsˌā fârˈ [key] [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 belie...

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...

McReynolds, James Clark

(Encyclopedia)McReynolds, James Clark məkrĕnˈəldz [key], 1862–1946, U.S. Attorney General (1913–14) and associate justice of the U.S. Supreme Court (1914–41), b. Elkton, Ky. He received his law degree fro...

Sismondi, Jean Charles Léonard Simonde de

(Encyclopedia)Sismondi, Jean Charles Léonard Simonde de zhäN shärl lāônärˈ sēmôNdˈ də sēsmôNdēˈ [key], 1773–1842, Swiss historian, economist, and critic. A member of the circle of Mme de Staël, he...

Keynes, John Maynard, Baron Keynes of Tilton

(Encyclopedia)Keynes, John Maynard, Baron Keynes of Tilton kānz [key], 1883–1946, English economist and monetary expert, studied at Eton and Cambridge. Keynesian economics stands as the most influential eco...

Lao Tzu

(Encyclopedia)Lao Tzu lou dzə [key], fl. 6th cent. b.c., Chinese philosopher, reputedly the founder of Taoism. It is uncertain that Lao Tzu [Ch.,=old person or old philosopher] is historical. His biography in Ssu-...

Rathenau, Walther

(Encyclopedia)Rathenau, Walther välˈtər räˈtənou [key], 1867–1922, German industrialist, social theorist, and statesman. Son of Emil Rathenau (1838–1915), founder of the German public utilities company Al...

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...

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