Which of the following individuals is typically associated with a laissez faire economic policy?
A) Adam Smith.
B) Karl Marx.
C) The Chairman of the Federal Reserve.
D) John Maynard Keynes.

Question

Quizplus · Accepted Answer

Adam Smith is widely considered to be the Father of Modern Economics and is closely associated with the laissez faire economic policy, which emphasizes minimal government intervention in the economy and the importance of free markets. Karl Marx, on the other hand, is known for his socialist and communist ideologies, which advocate for greater government control of the economy. The Chairman of the Federal Reserve and John Maynard Keynes are both associated with more interventionist economic policies.

Which of the Following Individuals Is Typically Associated with a Laissez