Public Policy for Social Finance in Context

Spear, Roger; Paton, Rob and Nicholls, Alex (2015). Public Policy for Social Finance in Context. In: Nicholls, Alex; Paton, Rob and Emerson, Jed eds. Social Finance. Oxford: Oxford University Press, pp. 460–487.



The chapter examines well-developed policies and institutional arrangements to provide or enable social finance in three different jurisdictions (the UK, the USA, and Quebec). The chapter reviews what governments have actually done, why they became involved, and how their policies and new institutions developed over time. By contrasting two liberal market economies with a coordinated market economy the chapter aims to move the discussion and analysis beyond the Anglo-American concerns that often frame discussions of social finance. The chapter draws some conclusions from its research in the form of a broad argument about how different policies regarding social finance in different jurisdictions emerge and mature.

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