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Laissez-faire and Market fundamentalism

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between Laissez-faire and Market fundamentalism

Laissez-faire vs. Market fundamentalism

Laissez-faire (from) is an economic system in which transactions between private parties are free from government intervention such as regulation, privileges, tariffs and subsidies. Market fundamentalism (also known as free market fundamentalism) is a term applied to a strong belief in the ability of unregulated laissez-faire or free market policies to solve most economic and social problems.

Similarities between Laissez-faire and Market fundamentalism

Laissez-faire and Market fundamentalism have 11 things in common (in Unionpedia): Anarcho-capitalism, Economic liberalism, Free market, Harvard University Press, Invisible hand, Laissez-faire, Mixed economy, Neoliberalism, Objectivism (Ayn Rand), Profit motive, Protectionism.

Anarcho-capitalism

Anarcho-capitalism is a political philosophy and school of anarchist thought that advocates the elimination of centralized state dictum in favor of self-ownership, private property and free markets.

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Economic liberalism

Economic liberalism is an economic system organized on individual lines, which means the greatest possible number of economic decisions are made by individuals or households rather than by collective institutions or organizations.

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Free market

In economics, a free market is an idealized system in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.

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Harvard University Press

Harvard University Press (HUP) is a publishing house established on January 13, 1913, as a division of Harvard University, and focused on academic publishing.

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Invisible hand

The invisible hand is a term used by Adam Smith to describe the unintended social benefits of an individual's self-interested actions.

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Laissez-faire

Laissez-faire (from) is an economic system in which transactions between private parties are free from government intervention such as regulation, privileges, tariffs and subsidies.

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Mixed economy

A mixed economy is variously defined as an economic system blending elements of market economies with elements of planned economies, free markets with state interventionism, or private enterprise with public enterprise.

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Neoliberalism

Neoliberalism or neo-liberalism refers primarily to the 20th-century resurgence of 19th-century ideas associated with laissez-faire economic liberalism.

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Objectivism (Ayn Rand)

Objectivism is a philosophical system developed by Russian-American writer Ayn Rand (1905–1982).

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Profit motive

In economics, the profit motive is the motivation of firms that operate so as to maximize their profits.

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Protectionism

Protectionism is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations.

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The list above answers the following questions

Laissez-faire and Market fundamentalism Comparison

Laissez-faire has 151 relations, while Market fundamentalism has 38. As they have in common 11, the Jaccard index is 5.82% = 11 / (151 + 38).

References

This article shows the relationship between Laissez-faire and Market fundamentalism. To access each article from which the information was extracted, please visit:

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