Welcome

Kyoto, computers in schools, Concorde: the list of expensive, wasteful policies goes on. Social Policy Bonds are a new financial instrument. They can be issued by governments or private individuals, and are redeemable for a fixed sum only when a targeted social goal has been achieved. So:

• they inextricably tie rewards to outcomes, rather than activities or institutions; and
• they inject market incentives into the achievement of social and environmental goals.

This blog looks at the failures of existing policies and will suggest how Social Policy Bonds could radically improve the efficiency, stability and transparency of policymaking. For more information about the bonds, click on What are Social Policy Bonds? in the right-hand column, or go to the main Social Policy Bonds website. Your comments and suggestions are very welcome.