Douglass North
Institutions-vs-organizations retargets the anti-capture monitor; measurement-cost is the raison d'être of institutions; adaptive efficiency is the named normative criterion.
Edition read. Institutions, Institutional Change and Economic Performance — deep read.
What we took
The bedrock beneath Why Nations Fail. Institutions vs organizations retargets the anti-ruling-class monitor onto organizational capture of rule-setting; measurement cost as the raison d'être of institutions turns the measurement chapter from apology into foundation; and adaptive efficiency is named as the normative criterion — maximise trials, tolerate failure, cull what fails (floors protect persons, never failed firms).
The net position
The institutional-economic bedrock — overwhelmingly confirmatory; no founding principle overturned.
Every position is read at the source. See the whole register on Lineage & Critique, or the doctrine itself in The System.