The Structure of Liberty: Justice and the Rule of Law is a book by legal theorist Randy Barnett which offers a libertarian theory of law and politics. Barnett calls his theory the liberal conception of justice, emphasizing the relationship between legal libertarianism and classical liberalism.
Barnett argues that private adjudication and enforcement of law, with market forces eliminating inefficiencies and inequities, is the only legal system that can provide adequate solutions to the problems of interest, power, and knowledge. Barnett uses the term "polycentric constitutional order" for anarcho-capitalism[1] in his argument in favor of this philosophy.
Barnett's argument for the liberal conception focuses on three problems of human interaction:
Barnett argues that each of these problems must be solved in order for individuals to be able to pursue their happiness under conditions of social peace.
Barnett argues that these the problems of knowledge, interest, and power can best be solved by a form of social organization that respects the liberal conception of justice. The liberal conception has five elements:
Barnett argues that the liberal conception of justice can best be realized by a polycentric constitutional order, which substitutes private police and dispute resolution mechanisms instead of the state ones.