number of political philosophies. Under this view, government transgresses property rights by enforcing compulsory tax collection. Right-libertarians see taxation as a violation of the non-aggression principle. Schools of thought Anarcho-capitalism Anarcho-capitalism advocates the elimination of centralized states in favor of capitalism, contracts, free markets, individual sovereignty, private property, the right-libertarian interpretation of self-ownership and voluntaryism. In the absence of statute, anarcho-capitalists hold that society tends to contractually self-regulate and civilize through participation in the free market which they describe as a voluntary society.Stringham, Edward (2007). Anarchy and the Law: The Political Economy of Choice. Transaction Publishers. p. 51. . In an anarcho-capitalist society, courts, law enforcement and all other security services would be provided by privately funded competitors rather than through taxation and money would be privately and competitively provided in an open market. Under anarcho-capitalism, personal and economic activities would be regulated by private law rather than through politics. Anarcho-capitalists support wage labour and believe that neither protection of person and property nor victim compensation requires a state. Autarchism promotes the principles of individualism, the moral ideology of individual liberty and self-reliance whilst rejecting compulsory government and supporting the elimination of government in favor of ruling oneself to the exclusion of rule by others. The most well-known version of anarcho-capitalism was formulated in the mid-20th century by Austrian School economist and paleolibertarian Murray Rothbard. Widely regarded as its founder, Rothbard combined the free-market approach from the Austrian School with the human rights views and a rejection of the state from 19th-century American individualist anarchists and mutualists such as Lysander Spooner and Benjamin Tucker, although rejecting their anti-capitalism and socialist economics, along with the labor theory of value and the normative implications they derived from it. In Rothbardian anarcho-capitalism, exemplified in For a New Liberty, there would first be the implementation of a mutually agreed-upon libertarian "legal code which would be generally accepted and which the courts would pledge themselves to follow". This legal code would recognize contracts, individual sovereignty, private property, self-ownership, and tort law as part of the principle of non-aggression In the tradition following David D. Friedman, exemplified in The Machinery of Freedom, anarcho-capitalists do not rely upon the idea of natural law or natural rights (deontological libertarianism) and follow consequentialist libertarianism, presenting economic justifications for a free-market capitalist society. While some authors consider anarcho-capitalism a form of individualist anarchism, many others disagree with this as individualist