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Anarchism's emphasis on anti-capitalism, egalitarianism and for the extension of community and individuality sets it apart from anarcho-capitalism and other types of economic libertarianism. mutualist usufruct) and oppose capital concentration, interest, monopoly private ownership of productive property such as the means of production ( capital, land and the means of labor), profit, rent, usury and wage slavery, which is viewed as inherent to capitalism, is not rejected by anarcho-capitalists. On the other hand, anarchists support personal property (defined in terms of possession and use, i.e. The latter advocate a night-watchman state limited to protecting individuals from aggression and enforcing private property. ДЄnarcho-capitalists are distinguished from anarchists and minarchists.

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This legal code would recognize contracts, private property, self-ownership and tort law in keeping with the non-aggression principle. Rothbard's anarcho-capitalist society would operate under a mutually agreed-upon 'legal code which would be generally accepted, and which the courts would pledge themselves to follow'. Rothbard synthesized elements from the Austrian School, classical liberalism and 19th-century American individualist anarchists and mutualists Lysander Spooner and Benjamin Tucker while rejecting their labor theory of value and the anti-capitalist and socialist norms they derived from it. However, anarcho-capitalism was developed in the 20th century and the first person to use the term anarcho-capitalism was Murray Rothbard. ДЄnarcho-capitalists claim that various theorists have espoused philosophies similar to anarcho-capitalism. In a theoretical anarcho-capitalist society, the system of private property would still exist and be enforced by private defense agencies and insurance companies selected by customers which would operate competitively in a market and fulfill the roles of courts and the police.

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In the absence of statute, anarcho-capitalists ('ancaps' for short) hold that society tends to contractually self-regulate and civilize through participation in the free market which they describe as a voluntary society.

Anarcho-capitalism is a political philosophy and economic theory that advocates the elimination of centralized states in favor of a system of private property enforced by private agencies, free markets and the right-libertarian interpretation of self-ownership, which extends the concept to include control of private property as part of the self.