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I think that's quite right, theoretically. But I am more curious about the 
intellectual history--why the New Institutionalists minimize the obvious 
intellectual influence Commons (Institutional Economics, 1934) had on 
Barnard (1938), and Barnard (who evidently never heard of Coase) on Simon 
(1945, 1947), and seize instead on Coase as the intellectual ground or 
putative intellectual father of their work. It's as if they reinvent their 
intellectual paternity to suit themselves theoretically (and 
politically/doctrinally) once they realize they have a line of their own. 
Where would they be if they actually tried to derive their ideas from 
Commons? Actually, probably not so bad, since he evidently drew his from 
the Old Austrians. 
 
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