Market Anarchism is the doctrine that the legislative, adjudicative, and protective functions unjustly and inefficiently monopolised by the coercive State should be entirely turned over to the voluntary, consensual forces of market society.
The first explicit defender of Market Anarchism was the 19th-century economist and social theorist Gustave de Molinari. The idea was taken up by the individualist anarchists, particularly those associated with Benjamin Tucker’s journal Liberty. More recently, Market Anarchism has been revived by a number of thinkers in the libertarian movement. The terms “anarcho-capitalism” and “voluntary socialism” have both been associated with the Market Anarchist tradition.
See also: The Market Anarchism FAQ page.