Explain Why New Classical Economists Favor a Laissez Faire Policy

question 81

Essay

Explain why new classical economists favor a laissez faire policy approach.

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Definitions:

Personality Traits

Enduring characteristics and behaviors that distinguish one individual from another.

Big Five

A model outlining five broad dimensions of human personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

IPIP

The International Personality Item Pool, which is a public domain collection of items for the assessment of personality traits.

Continuum

A continuous sequence, range, or whole in which no part or division is noticeably different or distinct from adjacent parts.