This article details the application of an economic theory to the fiscal operation of a small engineering consulting firm. Nobel Prize-winning economist Wassily Leontief developed his general input-output economic theory in the mid-twentieth century to describe the flow of goods and services in the U.S. economy. We use one mathematical model that…

In Britain, higher education is inappropriate for simplistic 'marketisation' but it is appropriate for more internal competition. Graduation data is used as an output measure for higher education. When output measures are set against input measures, Britain compares well with other nations in higher education. (Author/MLW)