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Digital History: The Theory of Laissez Faire [Pdf]

Curated by ACT

The economic philosophy of laissez-faire was espoused by Adam Smith in his book, Wealth of Nations. Read about the concepts of this philosophy, how it pertained to American business in the late 19h century, and what the drawbacks to laissez-faire are. [pdf]

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Concepts
survival of the fittest, adam smith, charles darwin, john d. rockefeller, laissez-faire
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Additional Tags
big government, business deregulation, economic concepts, government regulations, "wealth of nations", digital history, invisible hand, standard oil, public good, fundamental economic concepts
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Classroom Considerations
  • Knovation Readability Score: 2 (1 low difficulty, 5 high difficulty)
  • This resource is only available on an unencrypted HTTP website.It should be fine for general use, but don’t use it to share any personally identifiable information