Complex sentence: According to a theory expressed by the economist David Friedman, Icelandic society was anarchic during the 300 years of independence; the Althing was more akin to a chamber of commerce than to the law-making body of a sovereign.
Split into simpler sentences: According to a theory associated with the economist David Friedman, Icelandic society was anarchic during the 300 years of independence. The legislature was more akin to a chamber of commerce than to the law-making body of a sovereign.