| | The Possibility of Private Law - Mises Institute |
 | | In anarchy, people would demand judicial services for all the reasons that people desire law itself: They would want to satisfy their desire for abstract justice, but they would also want to foster predictable business relationships, as well as enjoy a good reputation among their neighbors. |
 | | The above examples serve to illustrate the fundamental basis of private law: individuals have disputes and want an expert, third party to render an opinion. Over time, of course, the free market would develop institutional refinements of this basic service. |
 | | To argue for a private legal system is really just to argue against a government-imposed monopoly. In every other sector, the coercive approach fails, and there is nothing unique about law to change that conclusion. |
| www.mises.org /story/1874 (644 words) |