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This is a discussion of the heated debate raging on the American nation's schools, with proposals ranging from imposing national standards to replacing public education altogether with a voucher system for private schools. This study proposes a solution to the problem by finding a middle ground between these extremes. The book seeks to show how contracting would radically change the way schools are operated, keeping them public and accessible to all, and making them better able to meet standards of achievement and equity. Using public funds, local school boards would select private providers to operate individual schools under formal contracts specifying the type and quality of instruction. The authors also show how contracting would free school boards from operating schools, allowing them to focus on improving educational policy; how it would allow parents to choose the best school for their children; and finally, how it would ensure that schools are held accountable and academic standards are met.