Full Idea
The central laissez-faire conceit is that capitalism is a self-correcting mechanism.
Gist of Idea
Fans of economic freedom claim that capitalism is self-correcting
Source
Micklethwait,J/Wooldridge,A (The Fourth Revolution [2014], 3)
A Reaction
This was Keynes's rather left-wing criticism of standard capitalist views. These resurfaced in the 1980s with mantras about the virtues of 'market forces'.
Book Reference
Micklethwait/Wooldridge: 'The Fourth Revolution' [Penguin 2014], p.70