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Among the most advanced topics in the literature in the Austro-libertarian milieu is that which deals with the workings of the fully free society, that is, the society with no state, or anarcho-capitalism. Robert Murphy deals with this head on, and makes the first full contribution to this literature in the new century. Working within a Rothbardian framework, he takes up the challenge of Hans Hoppe regarding the role of market insurance in property security to extend the analysis to the security of person.
His applications are part empirical and part speculative, but unfailingly provocative, rigorous, and thoughtful. The title itself refers to the supposed chaos that results from eliminating the state but Murphy shows that out of chaos grows an ordered liberty. Anyone interested in exploring the farthest reaches of anarchist theory must come to terms with Murphy's account.
This volume contains:
• Foreword
• Introduction (Jeremy Sapienza)
• I. Private Law
• II. Private Defense
• Original illustrations by Robert Vroman

Private Law

Without question, the legal system is the one facet of society that supposedly requires State provision. Even such champions of laissez-faire as Milton Friedman and Ludwig von Mises believed a government must exist to protect private property and define the “rules of the game.”
However, their arguments focused on the necessity of law itself. They simply assumed that the market is incapable of defining and protecting property rights. They were wrong.
In this essay, I argue that the elimination of the State will not lead to lawless chaos. Voluntary institutions will emerge too effectively and peacefully2 resolve the disputes arising in everyday life. Not only will market law be more efficient, it will also be more equitable, than the government alternative.

Robert P. Murphy

Robert P. Murphy earned his Ph.D. in economics from New York University. A former professor at Hillsdale College, he is now an adjunct scholar with the Ludwig von Mises Institute, a senior fellow in business and economic studies at the Pacific Research Institute, and an economist with both the Mackinac Center for Public Policy and the Institute for Energy Research. He has testified before Congress on economic issues, and has worked as both an investment/business analyst and as a journalist. He is a frequent radio guest and writes a column for Townhall.com.

Robert P. Murphy is the author of The Politically Incorrect Guide to Capitalism, the Study Guide to "Man, Economy, and State with Power and Market," the "Human Action" Study Guide, The Politically Incorrect Guide to the Great Depression and the New Deal, and his newest book, Lessons for the Young Economist. He runs the blog Free Advice.

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