This book examines the changes in educational policy in the U.S. and Britain over the last twenty-five years. The author contends that education in the States and Britain has been significantly transformed, through efforts to create curricular standards, increased emphasis on accountability measured by standardized tests, and efforts to introduce…

The article examines changes in British funding policies under the Education Reform Act of 1988 to stress competitive bidding by higher education institutions. The methodology and theory of the new approach are explained, as is the concept of equilibria in decision theory underlying the approach. Noted also are responses of institutions. (DB)