This article first appeared as an Honours thesis presented as part of an Honours degree at Macquarie University in 1979. It was subsequently published in three parts in the Journal of Libertarian Studies, Vol. 5, nos. 3 and 4 and Vol. 6, no. 1. Thanks are extended above all to Leonard Liggio, then at the Institute for Humane Studies, Menlo Park; Murray Rothbard, editor of the JLS; and Mark Weinburg, Senior Research Associate, H. C. Wainwright & Co., Economics, for his assistance in the translation of quoted passages from their original French. The author would also like to thank the Cato Institute for a grant which enabled him to research this essay.
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