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"Laissez faire" economics recommends (Points : 1)
Laissez-faire literally translates to "let do," but is closer in meaning to "let it be." It is the philosophy that business runs better when there is less interference by the government. [ What we now call the "free market economy." If you want to learn about that kind of economics, and see a good comparison of that and other types of economy, I recommend "Basic Economics" by Thomas Sowell.
Dr. Sowell was an economics professor at several colleges and is currently a fellow at Cornell's Hoover Institution. It is likely that he knows a thing or two about the subject ]
Expert answered|bernalB|Points 0|
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Asked 7/7/2012 1:09:28 PM
Updated 9/6/2013 8:06:18 PM
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allowing a free market to operate.
Added 9/6/2013 8:06:18 PM
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Socrates objected to democracy because it
Weegy: Well, Plato objected to it because it was "mob rule" - the laws of the nation were subjected to the passions and whims of the people. Socrates had a very specific idea of the perfect government, ie a republic lead by philosophers (such as himself). [ He felt that in a direct democracy, the votes of uneducated and imperfect individuals would create an imperfect government. Interestingly, that fear was somewhat shared by the founding fathers - the electoral college was designed to overrule a popular election that the electors deemed bad for the country. It can be argued that the view of the perfect philosopher kings that is attributed to Socrates, is actual Plato's view. But they're all dead and we can't know for sure. Source(s): ] (More)
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Asked 7/7/2012 12:59:18 PM
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