Some Classical Economists, Laissez Faire, and the Factory Acts

Abstract

Until very recently scholars have been able to solve certain problems of historical interpretation to their own and presumably to their reader's satisfaction by merely uttering the magic words, “laissez faire.” Thus, much of what was done and most of what was not done, some of what was good and practically all of what was evil in nineteenth-century England and America have been accounted for by a facile reference to laissez faire. During the past few years, however, several studies have cast much doubt on the validity of this catchall interpretation. Laissez faire, it seems now, is a principle more easily imposed upon nineteenth-century data than found there; and in successive investigations supposed instances of this principle have dropped away one by one.