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The digest: summaries of important new research from the nation's universities, think tanks, and investigative publications.(various articles on society and economics)
ECONOMICS AND BUSINESS
Who Should Set Standards? James Surowiecki, "Turn of the Century," in Wired (January 2002), 520 Third Street, San Francisco, California 94107
According to the National Institute of Standards and Technology, there are about 800,000 industrial standards in the world. Without these standards, you wouldn't be sure that you could hear a new CD, or that a new telephone would plug into your wall jack.
But who should set the standards--government or industry? James Surowiecki, who writes The New Yorker's Financial Page column, shows why the private sector is superior.
The creator of the industrial standard was William ...
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