A Quote by 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.
Related Quotes
The presumption that an extant mode is efficient if the expected net gain is negative can nevertheless be rebutted by showing that the obstacles to implementing an otherwise superior feasible alternative are 'unfair.'
The idea of a world commonweal has to be established as the criterion of political institutions, and also as the criterion of general conduct in hundreds of millions of brains. It has to dominate education everywhere in the world. When that end is achieved, then the world state will be achieved.
We used to have just one criterion and that was profit, and then another criterion was added - social welfare. Now we have to add the third important criterion, and that is nature and the environment.
There is a criterion by which you can judge whether the thoughts you are thinking and the things you are doing are right for you. The criterion is: Have they brought you inner peace?
We are being made aware that the organization of society on the principle of private profit, as well as public destruction, is leading both to the deformation of humanity by unregulated industrialism, and to the exhaustion of natural resources, and that a good deal of our material progress is a progress for which succeeding generations may have to pay dearly.
The goal of pacifism is possible only though a supranational organization. To stand unconditionally for this cause is the criterion of true pacifism.
Of the five House Calendars, the Private Calendar is the one to which all Private Bills are referred. Private Bills deal with specific individuals, corporations, institutions, and so forth, as distinguished from public bills which deal with classes only.
Unless you work at the Republican National Committee or some other conservatively affiliated organization, people's personal political preferences should not be a criterion for employment or comfort in the workplace.
The society which we have built can in no way be termed "state socialism."The social organization which we have created can be termed a Soviet, socialist organization which has not yet been quite completed, but is in its root a socialist organization of society. The foundation of this society is public ownership.
There is no name for all who participate in group decision-making or the organization which they form. I propose to call this organization the Technostructure.
One thing that makes the adventure of working in our field particularly rewarding, especially in attempting to improve the theory, is that... a chief criterion for the selection of a correct hypothesis... seems to be the criterion of beauty, simplicity, or elegance.
Faith in reason as a prime motor is no longer the criterion of the sound mind, any more than faith in the Bible is the criterion of righteous intention.
Whatever mitigates the woes, or increases the happiness of others, is a just criterion of goodness; and whatever injures society at large, or any individual in it, is a criterion of iniquity.
It is necessary to have party organization if we are to have effective and efficient government. The only difference between a mob and a trained army is organization, and the only difference between a disorganized country and one that has the advantage of a wise and sound government is fundamentally a question of organization.
And remember, that is the criterion. If a person can enjoy and celebrate his death, that shows he has lived rightly; there is no other criterion. Your death will prove how you have lived.
In the consumer economy taste is not the criterion in the marketing of expensive soft drinks, usability is not the primary criterion in the marketing of home and office appliances. We are surrounded with objects of desire, not objects of use.
Related Authors
Adam Smith Quotes
Scottish
Economist
Alan Greenspan Quotes
American
Economist
Benjamin Graham Quotes
American
Economist
Friedrich August von Hayek Quotes
Austrian
Economist
John Kenneth Galbraith Quotes
American
Economist
John Maynard Keynes Quotes
English
Economist
Joseph Stiglitz Quotes
American
Economist
Ludwig von Mises Quotes
Austrian
Economist
Milton Friedman Quotes
American
Economist
Muhammad Yunus Quotes
Bangladeshi
Economist
Murray Rothbard Quotes
American
Economist
Paul Krugman Quotes
American
Economist
Richard Thaler Quotes
American
Economist
Robert Reich Quotes
American
Economist
Thomas Sowell Quotes
American
Economist
Walter E. Williams Quotes
American
Economist