Anarchic environments are ubiquitous. Unable to rely on government, individuals in such environments develop private institutions of governance to promote social cooperation. Private governance consists of privately created social rules and mechanisms of their enforcement. Anarchy may secure better socioeconomic development than government in least-developed countries.
- Anderson TL, Hill PJ (2004) The not so wild, wild west: property rights on the frontier. Stanford University Press, StanfordGoogle Scholar