The Liberal theory of economics reference article from the English Wikipedia on 24-Jul-2004 (provided by Fixed Reference: snapshots of Wikipedia from wikipedia.org)

Liberal theory of economics

The Liberal theory of economics is the theory upheld by liberal/classical economists. It is concerned with 'natural liberty', as assumed by Adam Smith, and better known as laissez faire. The concept of laissez faire underpinned the move towards a free market economic system, and the subsequent demise of the mercantilist system.

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