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 · The System.