 |  | ||||||||
Get Smarter! | |||||||||
Word of the Day for Friday, January 16, 2009laissez-faire \les-ey FAIR\, adjective: 1. the principle that business, industry, trade, etc. should operate with a minimum of regulation and interference by government Some Ryder Cup captains take a laissez-faire approach. Jack Nicklaus told me jokingly last week, in an interview posted on WSJ.com, that his job as captain was to deliver a few speeches and make sure the players had "fresh towels, sunscreen and tees." His laissez-faire ideas went from maverick to mainstream during his lifetime. He began graduate studies in economics during the Great Depression as the theories of British economist John Maynard Keynes were revolutionizing his profession. by 1825, from French, literally "let (people) do (as they think best)," from laissez "let" + faire "to do" (from Latin facere). | |||||||||
Get Smarter! ADVERTISEMENT | |||||||||
| |||||||||
No comments:
Post a Comment