“The remediableness criterion is an effort to deal symmetrically with real world institutions, both public and private, warts and all. The criterion is this: an extant mode of organization for which no superior feasible form of organization can be described and implemented with expected net gains is presumed to be efficient.”

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About Oliver E. Williamson

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"The remediableness criterion is an effort to deal symmetrically with…" — Oliver E. Williamson | Daily Quotes