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Market Anarchism as Constitutionalism.

A legal system is any institution or set of institutions in a given society that provides dispute resolution in a systematic and reasonably predictable way. It does so through the exercise of three functions: the judicial, the legislative, and the executive. The judicial function, the adjudication of disputes, is the core of any legal system; the other two are ancillary to this. The legislative function is to determine the rules that will govern the process of adjudication (this function may be merged with the judicial function, as when case law arises through precedents, or it may be exercised separately), while the executive function is to secure submission (through a variety of means, which may or may not include violence) to the adjudicative process and compliance with its verdicts. A government or state (for present purposes I shall use these terms interchangeably) is any organisation that claims, and in large part achieves, a forcibly maintained monopoly, within a given geographical territory, of these legal functions, and in particular of the use of force in the executive function.

Now the market anarchist objection to government is simply a logical extension of the standard libertarian objection to coercive monopolies in general.

Read the rest of Roderick T. Long's article

James Tuttle,
Regular Columnist, THL
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