Oliver E. Williamson

The organization of the government itself is something which we ought to examine in a more self-conscious way - the Federal Reserve and the Treasury and the Securities and Exchange Commission. The mission that each of them has is mainly economic but should be informed by good organizational practices.

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.

The thing I always liked best about touring abroad was constantly running into different people, different cultures, different foods. It really pumped up my batteries... I'm constantly playing to a demographically diverse audience... one generation is driven by nostalgia, the next by curiosity. And that's why I have no plans to retire.

If I'm serious, yes, I'd like to have done what Shakespeare did... to act and write. You learn so much from acting. One of our great writers, Alan Bennett, does both supremely well. When I write a story, I tend to speak it aloud as I'm writing it.