straightbarz2345 straightbarz2345

11-11-2021
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the laissez faire model is inspired by the work of which economic philosopher?

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H1storyBuff H1storyBuff

11-11-2021

Laissez faire model was inspired by John Stuart Mill's book "Principles of Political Economy" (1848). This model states that the government should not be heavily involved in the market, and should have a hands off approach.

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