Oliver E. Williamson

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.

Nine years after I had my own accident, I find that in trying to go back to doing those things that I used to do just doesn't fit. Everything seems to just fall apart. I don't know why but I think it is because I am this new creature.

Finding a 'sacrificial lamb' on whom to tag blame for complicated problems is an important instrument in the toolkit of politicians, because it deflects blame for the nation's economic woes away from their own regulatory lapses, economic mismanagement and coddling to labor unions.