anarcho-capitalism

English

Etymology

From anarcho- +‎ capitalism. Coined by American economist Murray Rothbard in the 1950s,[1] although he never used it in any of his writings.

Noun

anarcho-capitalism (uncountable)

  1. (politics, economics) A political and economic philosophy that advocates the elimination of the state and other coercive institutions in favour of individual self-ownership and free market.
    • 1998, John Gray, False Dawn: The Delusions of Global Capitalism, New York: The New Press, →ISBN, page 133:
      The second was shock therapy. Implemented briefly in the aftermath of the Soviet collapse, shock therapy aimed to construct a free market in post-communist Russia. It produced instead a species of mafia-dominated anarcho-capitalism.

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References
  1. Leeson, Robert (2017) Hayek: A Collaborative Biography, Part IX: The Divine Right of the 'Free' Market, Springer, →ISBN, pages 180: “To the original 'anarchocapitalist' (Rothbard coined the term) […] .”

Further reading
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