Abstract
The recent widespread introduction of devolved financial management for schools in England and Wales has increased the importance of there being an appropriate analytical framework within which the performance of individual schools can be assessed. This paper examines one such framework that can combine economic insights into the multidimensional activity of transforming resource inputs into desirable educational outcomes for a school’s given pupil intake, with an enhanced role for the school inspectorate in quality control and the assessment of each school’s economic and educational effectiveness.
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