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Machine generated contents note: 1. Introduction; Part I. The Origins of Property Institutions: 2. A theory of claim clubs; 3. From spontaneous order to conscious choice: claim clubs on the frontier; 4. Bandits within the state: an assessment of claim clubs as property institutions; Part II. Change in Property Institutions: 5. Claim clubs, distributive conflict, and the origins of squatters' rights; 6. The political economy of homesteads; 7. The open floodgate in the far West; 8. The influence of claim clubs in the States; 9. Conclusion.

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