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Log in through your institution journal article Reality and Social Reform: The Transition from Laissez-Faire to the Welfare StateThe Yale Law Journal Vol. 72, No. 2 (Dec., 1962) , pp. 286-328 (43 pages) Published By: The Yale Law Journal Company, Inc. https://doi.org/10.2307/794816 https://www.jstor.org/stable/794816 Read and download Log in through your school or library Subscribe to JPASS Unlimited reading + 10 downloads Journal Information The Yale Law Journal publishes original scholarly work in all fields of law and legal study. The journal contains articles, essays, and book reviews written by professors and legal practitioners throughout the world, and slightly shorter notes and comments written by individual journal staff members. The journal is published monthly from October through June with the exception of February. Publisher Information For over a century, the Yale Law Journal has been at the forefront of legal scholarship, sparking conversation and encouraging reflection among scholars and students, as well as practicing lawyers and sitting judges and Justices. The Journal strives to shape discussion of the most important and relevant legal issues through a rigorous scholarship selection and editing process. Rights & Usage This item is part of a JSTOR Collection. Abstract This paper argues that we need to broaden the understanding of political economy beyond the circulation of 'things' so as to include forms of production, transformation and exchange of meanings. To illustrate the argument, the paper focuses on the contradictory encounter between two regimes of representation in nineteenth-century Colombia: the 'will to civilization' and laissez-faire. Because political economy was founded upon the desire to civilize classes, races and gender, the premises for laissez-faire could not be achieved. Arguments about local artisanship, the causes of poverty or the international division of labour were embedded in distinctions between the local and the European: ignorant artisans were contrasted with English workers, theory was preferred to reality and coarse textiles were compared to imported ones. Negative representation of female and Indian dresses increased the desire for imported textiles, which in turn led to the displacement of local manufactures in favour of European ones. In those nations imagined as deprived of civilization, the idea of a self-regulatory principle did not prosper. In Colombia, the formation of gender, class and racial identities within the 'will to civilization' regime of representation arrested the formation of an 'indifferent' capitalist labour market. Journal Information The Review of International Political Economy (RIPE) has successfully established itself as a leading international journal dedicated to the systematic exploration of the international political economy from a plurality of perspectives. The journal encourages a global and interdisciplinary approach across issues and fields of inquiry. It seeks to act as a point of convergence for political economists, international relations scholars, geographers, and sociologists, and is committed to the publication of work that explores such issues as international trade and finance, production and consumption, and global governance and regulation, in conjunction with issues of culture, identity, gender, and ecology. The journal eschews monolithic perspectives and seeks innovative work that is both pluralist in its orientation and engages with the broad literatures of IPE. Publisher Information Building on two centuries' experience, Taylor & Francis has grown rapidlyover the last two decades to become a leading international academic publisher.The Group publishes over 800 journals and over 1,800 new books each year, coveringa wide variety of subject areas and incorporating the journal imprints of Routledge,Carfax, Spon Press, Psychology Press, Martin Dunitz, and Taylor & Francis.Taylor & Francis is fully committed to the publication and dissemination of scholarly information of the highest quality, and today this remains the primary goal. Rights & Usage This item is part of a JSTOR Collection. What did laissezLaissez-faire is an economic philosophy of free-market capitalism that opposes government intervention. The theory of laissez-faire was developed by the French Physiocrats during the 18th century. Laissez-faire advocates that economic success is inhibited when governments are involved in business and markets.
Which statement represents a central idea of laissezWhich statement represents a central idea of laissez-faire economics? Prices are best determined by supply and demand.
Which of the following is a feature of laissezAnswer and Explanation: The correct answer is A. Laissez-faire capitalism refers to the government that should stay out of the economy, and people should be allowed to manage their own finances.
Which of the following is a characteristic of a laissezThe correct answer is No Government intervention.
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