February 15, 2014
Aaron Director on Laissez Faire
Posted by Gordon Smith
From Aaron Director, The Parity of the Economic Market Place, 7 J.L. & ECON. 1, 2 (1964):
Laissez faire has never been more than a slogan in defense of the proposition that every extension of state activity should be examined under a presumption of error. The main tradition of economic liberalism has always assumed a well-established system of law and order designed to harness self-interest to serve the welfare of all.
Director didn't write much, but he wrote well.
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