This volume is part of a series of monographs from Australia devoted to outlining an alternative approach, based on neo-Marxist concepts, to policy studies in education. The opening monograph is a critique of policies favoring transition programs aimed at training students to fit into the prevailing structure of the workplace, suggesting that such policies reflect the ideological stance of the Liberal-National Party Government. The first section of the essay addresses the context of, and responses to, the development of these transition programs. This is followed by a discussion of the Williams Report on "Education, Training, and Employment" commissioned by the Fraser government to promote the view that education and the labor market should be more closely aligned. Other topics discussed include the fiscal and legitimization crises, out-of-school transition programs for youth, inschool transition programs, and future policy directions. This essay is followed by five readings by separate authors: (1) "The Williams Report on Education, Training, and Employment: The Decline and Fall of Karmelot," by John Freeland and Rachel Sharp; (2) "Accumulation Crisis: The Problem and Its Setting," by James O'Connor; (3) "A Labor Market Perspective on Transition Programs," by R. Sweet; (4) "Where Do They Go after School: A Critical Analysis of the Education Program for Unemployed Youth," by John Freeland; and (5) "Curriculum Change and the School-Work Interface: A Critical Analysis of Work Experience," by Peter E. Watkins. An annotated bibliography is included.(TE)