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.

Oliver E. Williamson

Both Criterion Deal Efficient Effort Expected Feasible Form Gains Implemented Institutions Mode Net Organization Private Public Real Real World Superior Warts Which World

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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.'

— Oliver E. Williamson

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I don't think I've ever been an agnostic. I've always thought there's a superior power, that this is not the real world and that there's a world to come.

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I'm interested in the real world.

— Edward Bond

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Mathematics is a place where you can do things which you can't do in the real world.

— Marcus du Sautoy

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The mode by which the inevitable comes to pass is effort.

— Oliver Wendell Holmes, Jr.

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