This case tells the story of a failed public-private partnership. It illustrates how stakeholders, encouraged by the current political context, rushed into a partnership without establishing a basis for mutual understanding and expectations. As a result of this hasty arrangement, questions emerged over who ultimately controlled decisions related…

Spurred by the national focus on revitalizing the teacher evaluation and support/development process, as well as the current economic downturn, many school districts are reviewing how teachers are compensated. While a few courageous districts have completely upended current structures, most districts are undertaking changes that leave the most…

Argues that inefficiency resulting from government regulation is the natural result of a process that does not have efficiency as its primary goal. Presents three examples of government regulation as supporting evidence. Concludes that efficiency is more likely to come from elected policymakers than from bureaucrats working in regulatory agencies.…

Asserts that economics students are usually given two descriptions of the money market with the implication that they are consistent with each other. Reviews recent research and presents an asset-substitution model that reconciles the two descriptions of the money market with observed behavior. (CFR)

The work presented here follows up the authors' paper, in the previous issue of this journal, which (i) explored modernizing leadership in a public-private partnership, principally from the perspective of the senior managers of a private company contracted to run school support services by a local education authority (LEA), and (ii) suggested that…

Presents an bibliographic essay of recent empirical research in industrial organization. Examines topics such as the econometrics of markets with imperfect competition, technology and industry structure, industry evolution, and industry studies of regulation. (CFR)

This paper describes one course offered in the Economics Department at the Drexel University (DU), Philadelphia, Pennsylvania, that uses directed learning and focuses on public sector problems. As the opening notes, the course is titled "Learn by DU-ing" ("DU" is a reference to Drexel University) and offers a menu of…

Presents the central features of an economic theory of social equilibrium based on the theory of distributive equilibrium. Uses the situation in Latin America in the 1980s and 1990s to test the validity of the theory. Argues that excessive inequality cripples sustained growth and democratic movements. (MJP)

Presents a World Bank policy paper on vocational and technical education and training. Reviews the performance of vocational and technical education in both developed and developing nations. Provides four recommendations for donors who might wish to assist countries in meeting skill needs. (CFR)