Coase was a founder of the field sometimes called "New Institutional Economics" and I think Terry is basically independently reaching some of the conclusions that have already been published in that field, including some of Coase's.
I think North, Wallis, and Weingast's Violence and Social Orders is a little more directly on point to his posts, but I believe I share at least part of your point of view here — and would love to see a precis of the magnum opus!
I think North, Wallis, and Weingast's Violence and Social Orders is a little more directly on point to his posts, but I believe I share at least part of your point of view here — and would love to see a precis of the magnum opus!