Private property is the foundation of the libertarian society, and in Rothbardian theory, a libertarian society is one founded on absolute private property rights. In the libertarian society, all property is private property. Libertarianism is thus constructed on the principle of self-ownership: the libertarian society is a free society in which each individual is a self-owner. As Murray Rothbard explains in The Ethics of Liberty, “Obviously, in a free society, Smith has the ultimate decision-making power over his own just property, Jones over his, etc.”In that way, Rothbard establishes the foundations of an ethical political philosophy. His aim is “to develop libertarianism” as “a ‘science’ or discipline of individual liberty.” Rothbard conceptualizes liberty as a moral principle: “It

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