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Minarchism is a political ideology that accepts the role of a minimal state, the term was coined by Samuel Edward Konkin III[1]. Minarchism is usually classified as being a libertarian ideology and can be contrasted with anarchism another common libertarian ideology which sees no role for a state. Minarchists generally believe that the state should be limited to providing such services as national defense and the criminal justice system, however, these views vary among different minarchists. Some prominent thinkers who could be classified as minarchists include Robert Nozick, Ludwig von Mises, Friedrich Hayek and Ayn Rand.