laissez faire the policy of letting the owners of industry and business fix the rules of competition, the conditions of labor, etc., as they please, without governmental regulation or control.
Malthus Thomas Malthus (1766–1834); an English economist who held the theory that the world population tends to increase faster than the food supply with inevitable disastrous results unless natural restriction, such as war, famine, and disease reduce the population or the increase is checked by moral restraint.
knave a dishonest, deceitful person; a tricky rascal.
