Building on the philosophical assumption of the material state of nature, the so-called physiocrats argued that freedom and equality should be the standard economic principles and that the state should adopt a _________, or "hands-off", policy in that regard.

Question

Quizplus · Accepted Answer

The term "laissez-faire" is the correct answer because it directly translates to "let do" or "let go," signifying a policy or attitude of letting things take their own course without interfering. This term is historically associated with economic liberalism and the belief that economies function best when there is minimal intervention by government. It encapsulates the physiocrats' argument for freedom and equality in economic principles, advocating for minimal state intervention in economic affairs.

Building on the Philosophical Assumption of the Material State of Nature