Economics Insights @ CBS

Supply chain management is the most recently proposed set of tools to replace the total quality paradigm, which itself replaced innumerable previous sets of principles and managerial tools. The fundamentals are unchanged; the principles of managing for quality are quite robust and are easily adaptable to the task of supply chain management. The most obvious element that is new about supply chain management is the unprecedented sophistication of its information technology.

This paper describes novel market-based technologies that uniquely establish quantifiable and adjustable limits on the power of attackers, enable verifiable accountability for malicious attacks, and admit systematic and uniform monitoring and detection of attacks. These technologies, incorporated in the MarketNet system, establish a financial economy to regulate the trade and use of access rights in information systems. Resources are instrumented to use currency for access control and monitoring, establishing accountability in their use.

The authors present a new approach to culture and cognition, which focuses on the dynamics through which specific pieces of cultural knowledge (implicit theories) become operative in guiding the construction of meaning from a stimulus. Whether a construct comes to the fore in a perceiver's mind depends on the extent to which the construct is highly accessible (because of recent exposure).

This century has been marked by two great economic experiments. The outcome of the first set, the socialist experiment that began, in its more extreme form, in the Soviet Union in 1917, is now clear. The second experiment is the movement back from a socialist economy to a market economy. Ten years after the beginning of the transition in Eastern Europe and the Former Soviet Union: How do we assess what has happened? What are the lessons to be learned?