In "The Discipline of Market Leaders" (1995), Michael Treacy and Fred Wiersama argue that an enterprise cannot be successful unless it actively pursues one of three value propositions: operational leadership, customer intimacy, or product leadership. Schools, too, must make a strategic decision to devote energies, policies, and practices…

Borg, Mason, and Shapiro in "The Economic Consequences of State Lotteries" (Praeger, 1991) argue that the Florida lottery creates an implicit tax that is inequitable and inefficient. These conclusions are unconvincing. Are lotteries really responsible for 35% reductions in pupil spending in lottery states? Additional work by Borg and…

The focus in this book is on steering a course between rigorous definitions and theory and applied attempts to measure costs and benefits in the real world. As an introduction to the concepts underlying cost-benefit analysis, this volume is well-written and comprehensive for a book of its length. (SLD)

The book "Marketizing Education and Health in Developing Countries," edited by Christopher Colclough, examines five salient aspects of education and health care (cost recovery, public versus private alternatives, cost shifting, improved efficiency, and fiscal reforms) useful for examining national privatization efforts. A marriage of…