What is an economic theory, widely accepted prior to the 1930s, that advocates the economy is a self-adjusting mechanism that works best without government interference of any kind?

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The economic theory that is widely accepted prior to the 1930s and advocates for the economy being a self-adjusting mechanism that works best without government interference of any kind is known as the Laissez-faire theory. This theory believes that the economy will naturally correct itself without any external intervention.

What Is an Economic Theory, Widely Accepted Prior to the 1930s