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CAPITAL AND THE COMMON GOOD (HB)

By Keohane L_G
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Despite social and economic advances around the world, poverty and disease persist, exacerbated by the mounting challenges of climate change, natural disasters, political conflict, mass migration, and economic inequality. While governments commit to addressing these challenges, traditional public and philanthropic dollars are not enough. Here, innovative finance has shown a way forward: by borrowing techniques from the world of finance, we can raise capital for social investments today. Innovative finance has provided polio vaccines to children in the DRC, crop insurance to farmers in India, pay-as-you-go solar electricity to Kenyans, and affordable housing and transportation to New Yorkers. It has helped governmental, commercial, and philanthropic resources meet the needs of the poor and underserved and build a more sustainable and inclusive prosperity.

Capital and the Common Good shows how market failure in one context can be solved with market solutions from another: an expert in securitization bundles future development aid into bonds to pay for vaccines today; an entrepreneur turns a mobile phone into an array of financial services for the unbanked; and policy makers adapt pay-for-success models from the world of infrastructure to human services like early childhood education, maternal health, and job training. Revisiting the successes and missteps of these efforts, Georgia Levenson Keohane argues that innovative finance is as much about incentives and sound decision-making as it is about money. When it works, innovative finance gives us the tools, motivation, and security to invest in our shared future.

ABOUT THE AUTHOR

Georgia Levenson Keohane is executive director of the Pershing Square Foundation. She is also a professor in the Social Enterprise Program at Columbia Business School and a senior fellow at New America Foundation. She is the author of Social Entrepreneurship for the 21st Century (2013).

Books

Author:
Keohane L_G
Binding:
Hardcover
Condition Type:
New
Country Origin:
USA
Edition:
1
Gift Wrap:
N
Leadtime to ship in days (default):
Usually ship in 2-5 working Days 
Leadtime to ship in days(if not in stock):
Usually ship in 25 working Days 
Page:
264
Publisher:
Columbia University Press
Year:
2016

Dimensions

Dimensions (W x H x D):
15.9 x 2.5 x 23.5

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