References
- Bakker, I., & Gill, S. (Eds.). (2003). Power, production, and social reproduction: Human in/security in the global political economy. Houndmills, Basingstoke, Hampshire; New York: Palgrave Macmillan.
- Bank, D. (2012, May 31). How financial innovation can save the world. The Atlantic.
- Big Society Capital. (2015, December 3). Personal communication.
- Bloomberg Philanthropies, & Goldman Sachs. (2015, July 2). What we learned from the nation’s first social impact bond. Retrieved from http://www.huffingtonpost.com
- Blyth, M. (2013). Austerity: The history of a dangerous idea. New York, NY: Oxford University Press.
- Boltanski, L., & Chiapello, E. (2006). The new spirit of capitalism. International Journal of Politics, Culture, and Society, 18(3–4), 161–188. doi:10.1007/s10767-006-9006-9
- Brand, U. (2014). State, context and correspondence. Contours of a historical-materialist policy analysis. Österreichische Zeitschrift Für Politikwissenschaft, 32(4), 425–442.
- Brenner, N., Peck, J., & Theodore, N. (2010). Variegated neoliberalization: Geographies, modalities, pathways. Global Networks, 10(2), 182–222. doi:10.1111/glob.2010.10.issue-2
- Brown, D., Schwartz, M., & Boseley, L. (2012). The promise of justice reinvestment. Alternative Law Journal, 37, 96–102. doi:10.1177/1037969X1203700206
- Bruff, I. (2014). The rise of authoritarian neoliberalism. Rethinking Marxism, 26(1), 113–129. doi:10.1080/08935696.2013.843250
- Bryan, D., & Rafferty, M. (2014). Financial derivatives as social policy beyond crisis. Sociology, 48(5), 887–903. doi:10.1177/0038038514539061
- Cabinet Office, HM Revenue & Customs, & HM Treasury. (2015, March 27). Social investment tax relief. Retrieved from https://www.gov.uk/government/publications/social-investment-tax-relief-factsheet/social-investment-tax-relief
- Center for American Progress. (2012, December 5). Frequently asked questions: Social impact bonds. Retrieved from http://www.americanprogress.org/issues/economy/report/2012/12/05/46934/frequently-asked-questions-social-impact-bonds/
- Centre for Social Impact Bonds. (2015, December 1). Personal communication.
- Centre for Social Impact Bonds. (n.d.). Cashable savings to the commissioner. Retrieved from https://data.gov.uk/sib_knowledge_box/cashable-savings-commissioner
- Clarke, J. (2010). After Neo-Liberalism?: Markets, states and the reinvention of public welfare. Cultural Studies, 24(3), 375–394. doi:10.1080/09502381003750310
- CLASP. (2015, February 25). Personal communication.
- Crouch, C. (2006). Modelling the firm in its market and organizational environment: Methodologies for studying corporate social responsibility. Organization Studies, 27(10), 1533–1551. doi:10.1177/0170840606068255
- Dagdeviren, H., Donoghue, M., & Promberger, M. (2016). Resilience, hardship and social conditions. Journal of Social Policy, 45(1), 1–20. doi:10.1017/S004727941500032X
- Dale, G. (2012). Double movements and pendular forces: Polanyian perspectives on the neoliberal age. Current Sociology, 60(1), 3–27. doi:10.1177/0011392111426645
- Davies, J. S., & Blanco, I. (2017). Austerity urbanism: Patterns of neo-liberalisation and resistance in six cities of Spain and the UK. Environment and Planning A, 49(7), 1517–1536. doi:10.1177/0308518X17701729
- Davies, W. (2016). The new neoliberalism. New Left Review, 101.
- Demirović, A. (2018). Autoritärer Populismus als neoliberale Krisenbewältigungsstrategie. Prokla, 190(1), 28–42.
- Dowling, E. (2016). In the wake of austerity: Social impact bonds and the financialisation of the welfare state in Britain. New Political Economy, 22(3), 1–17.
- Dowling, E., & Harvie, D. (2014). Harnessing the social: State, crisis and (big) society. Sociology, 48(5), 869–886. doi:10.1177/0038038514539060
- Eagleton-Pierce, M. (2016). Neoliberalism: The key concepts. London, UK: Routledge, Taylor & Francis Group.
- Edmiston, D., & Nicholls, A. (2017). Social impact bonds: The role of private capital in outcome-based commissioning. Journal of Social Policy, 47(1), 57–76. doi:10.1017/S0047279417000125
- European Commission. (2013). Towards social investment for growth and cohesion—Including implementing the European Social Fund 2014-2020. Retrieved from http://www.europarl.europa.eu/registre/docs_autres_institutions/commission_europeenne/com/2013/0083/COM_COM(2013)0083_EN.pdf
- European Commission. (2017, June 2). Investment Plan for Europe: First social impact bond scheme in Europe supports integration in Finland. Retrieved from https://ec.europa.eu/commission/commissioners/2014-2019/katainen/announcements/investment-plan-europe-first-social-impact-bond-scheme-europe-supports-integration-finland_en
- European Investment Fund. (2013, May 14). EIF launches a social impact investing fund of funds. Retrieved from http://www.eif.org/what_we_do/equity/news/2013/social_impact_accelerator.htm
- Farnsworth, K. (2011). From economic crisis to a new age of austerity: The UK. In K. Farnsworth & Z. Irving (Eds.), Social policy in challenging times. Economic crisis and welfare systems (pp. 251–270). Bristol, UK: Policy Press.
- Finance, F. (2017, September). Grant designs. Mapping the use of subsidy in the UK social investment market. Retrieved from http://access-socialinvestment.org.uk/wp-content/uploads/2017/09/SubsidyReport.pdf
- Floyd, D. (2017, September 25). The first billion (of subsidy) - what next? Retrieved from https://access-socialinvestment.org.uk/blog/first-billion-subsidy-next/
- Fraser, A., Tan, S., Lagarde, M., & Mays, N. (2016). Narratives of promise, narratives of caution: A review of the literature on social impact bonds. Social Policy & Administration, 52(1), 4–28.
- Fraser, N. (2017a). The end of progressive neoliberalism. Dissent Magazine. Retrieved from https://www.dissentmagazine.org
- Fraser, N. (2017b, January 28). Against progressive neoliberalism, a new progressive populism. Dissent Magazine. Retrieved from https://www.dissentmagazine.org
- Fraser, N. (2017c). From progressive neoliberalism to Trump—And beyond. American Affairs Journal, 1(4), 46–64.
- Friedman, M. (1970, September 13). The social responsibility of business is to increase its profits. The New York T\imes.
- G8 Social Impact Investment Taskforce. (2014). Impact investment: The invisible heart of markets. Retrieved from http://www.socialimpactinvestment.org/reports/Impact%20Investment%20Report%20FINAL[3].pdf
- Global Impact Investing Network. (2018, June). Annual impact investor survey 2018. Retrieved from https://thegiin.org/assets/2018_GIIN_Annual_Impact_Investor_Survey_webfile.pdf
- Godeke, S. (2013, April). Community Reinvestment Act (CRA) banks as pioneer investors in pay for success financing. Retrieved from http://www.frbsf.org/community-development/publications/community-development-investment-review/2013/april/pay-for-success-financing-community-reinvestment-act-cra-investing/
- Godeke, S., & Burckart, W. (2015, October 26). Can capitalism keep people out of prisons? Retrieved from http://qz.com/435182/social-impact-bonds-catalytic-or-just-conversation/
- Gramsci, A. (1971). Selections from the prison notebooks of Antonio Gramsci. (Q. Hoare, Ed.) (8. pr). New York, NY: International Publ.
- Hall, P. A., & Soskice, D. (2001). Varieties of capitalism: The institutional foundations of comparative advantage. Oxford, UK; New York: Oxford University Press.
- Harvey, D. (2005). A brief history of neoliberalism. Oxford, UK; New York: Oxford University Press.
- Harvey, D. (2010). The enigma of capital: And the crises of capitalism. London, UK: Profile Books.
- Harvie, D., & Ogman, R. (2017). “Das Versprechen des wirkungsorientierten Investierens: War der ‘Peterborough-SIB’ ein Erfolg?” In M. Burmester, E. Dowling, & N. Wohlfahrt (Eds.), Neue Wege der Finanzierung der Sozialwirtschaft? Kapitalfinanzierte soziale Dienste und ihre Folgen für die Soziale Arbeit. Baltmannsweiler: Schneider Verlag.
- Harvie, D., & Ogman, R. (2019). The broken promises of the social investment market. Environment and Planning A: Economy and Space, 51(4), 980–1004. doi:10.1177/0308518X19827298
- Hay, C. (1999). Crisis and the structural transformation of the state: Interrogating the process of change. The British Journal of Politics and International Relations, 1(3), 317–344. doi:10.1111/1467-856X.00018
- Hendrikse, R. P., & Sidaway, J. D. (2010). Commentary. Neoliberalism 3.0. Environment and Planning A: Economy and Space, 42(9), 2037–2042. doi:10.1068/a43361
- Huckfield, L. (2014, June 23). Social enterprise—A mouthpiece for Britain’s new colonialism. Retrieved from http://www.huckfield.com
- Institut für Gesellschaftsanalyse. (2011). Organische Krise des Finanzmarkt-Kapitalismus: Szenarien, Konflikte, konkurrierende Projekte. Rosa Luxemburg Stiftung. Retrieved from http://www.rosalux.de
- Jenson, J. (2015). Broadening the frame. Inclusive growth and the social investment perspective. In S. McBride, et al. (Eds.), After ‘08. Social policy and the global financial crisis (pp. 40–58). Vancouver, Canada: UBC Press.
- Jessop, B. (2002). Liberalism, neoliberalism, and urban governance. A state–theoretical perspective. Antipode, 34(3), 452–472. doi:10.1111/1467-8330.00250
- Jessop, B. (2010). Cultural political economy and critical policy studies. Critical Policy Studies, 3(3–4), 336–356. doi:10.1080/19460171003619741
- Jessop, B. (2012). Economic and ecological crises: Green new deals and no-growth economies. Development, 55(1), 17–24. doi:10.1057/dev.2011.104
- Joy, M., & Shields, J. (2013). Social impact bonds: The next phase of third sector marketization? Canadian Journal of Nonprofit and Social Economy Research, 4(2), 39–55. doi:10.22230/cjnser.2013v4n2a148
- Kannankulam, J., & Georgi, F. (2014). Varieties of capitalism or varieties of relationships of forces? Outlines of a historical materialist policy analysis. Capital & Class, 38(1), 59–71. doi:10.1177/0309816813513088
- Lake, R. W. (2015). The financialization of urban policy in the age of Obama. Journal of Urban Affairs, 37(1), 75–78. doi:10.1111/juaf.12167
- McHugh, N., Sinclair, S., Roy, M., Huckfield, L., & Donaldson, C. (2013). Social impact bonds: A wolf in sheep’s clothing? Journal of Poverty and Social Justice, 21(3), 247–257. doi:10.1332/204674313X13812372137921
- MDRC. (2013). Financing promising evidence-based programs. Early lessons from the New York City social impact bond. MDRC. Retrieved from http://www.mdrc.org
- MDRC. (2014, May 19). Turning the “pay for success” promise into performance [Text]. Retrieved from http://www.mdrc.org
- MDRC. (2015, March 11). Personal communication.
- MDRC. (2016, February 3). Personal communication.
- Ministry of Justice. (2014, March 16). Offenders released from Peterborough Prison. Retrieved from http://data.gov.uk
- Ministry of Justice, & Social Finance. (2010, September 10). Minister launches social impact bond pilot. Retrieved from http://www.socialfinance.org.uk
- Montgomerie, T. (2015, November 3). What the world thinks of capitalism. Retrieved from https://social.shorthand.com
- New York Times. (2017, April 2). Rikers Island commission unveils plan to shut down jail complex. Retrieved from https://www.nytimes.com/2017/04/02/nyregion/rikers-island-jail-closure-plan.html
- Newsweek. (2008). Fukuyama: The end of the end of history. Retrieved from http://www.newsweek.com/fukuyama-end-end-history-88537
- Nicholls, A., & Tomkinson, E. (2015). The Peterborough pilot social impact bond. In A. Nicholls, R. Paton, & J. Emerson (Eds.), Social finance (pp. 335–381). Oxford, UK: Oxford University Press.
- Nonprofit Finance Fund. (2013). The UK introduces groundbreaking social investment tax relief. Retrieved from http://www.payforsuccess.org/resources/uk-introduces-groundbreaking-social-investment-tax-relief
- OECD (2010). How social entrepreneurship can help us achieve sustainable social progress. Retrieved from http://www.oecd.org/regional/leed/46432677.pdf
- OECD. (2015). Social impact investment: Building the evidence base. Paris, France: OECD Publishing.
- Ogman, R. (2016). Social impact bonds: A “social neoliberal” response to the crisis?. In S. Schipper & B. Schönig (Eds.), Urban austerity. Impacts of the global financial crisis on cities in Europe (pp. 58–69). Berlin, Germany: Theater der Zeit.
- Peck, J. (2012). Austerity urbanism: American cities under extreme economy. City, 16(6), 626–655. doi:10.1080/13604813.2012.734071
- Peck, J. (2014). Pushing austerity: State failure, municipal bankruptcy and the crises of fiscal federalism in the USA. Cambridge Journal of Regions, Economy and Society, 7(1), 17–44. doi:10.1093/cjres/rst018
- Peck, J., & Whiteside, H. (2016). Financializing the entrepreneurial city. In S. Schipper & B. Schönig (Eds.), Urban austerity. Impacts of the global financial crisis on cities in Europe (pp. 21–39). Berlin, Germany: Theater der Zeit.
- Piketty, T. (2014). Capital in the twenty-first century. Cambridge, MA: The Belknap Press of Harvard University Press.
- Pioneers Post. (2012). Government fills funding gap for UK social impact bonds. Retrieved from https://www.pioneerspost.com/news/20121123/government-fills-funding-gap-uk-social-impact-bonds
- Rand Europe. (2011). Lessons learned from the planning and early implementation of the social impact bond at HMP Peterborough (No. Research Series 5/11). Ministry of Justice. Retrieved from https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/217375/social-impact-bond-hmp-peterborough.pdf
- Rand Europe. (2016, May 10). Personal communication.
- Roberts, R., & Silvestri, A. (2012, March) May 2010-April 2011: Political promises and policy narratives. In A. Silvestri (Ed.), Critical reflections: Social and criminal justice in the first year of Coalition government (pp. 6–9). London, UK: Centre for Crime and Justice Studies.
- Rosenman, E. (2017). The geographies of social finance: Poverty regulation through the “invisible heart” of markets. Progress in Human Geography, 43(1), 141–162. doi:10.1177/0309132517739142.
- Schram, S. (2014, April). The appeal and limitations of social impact bonds. Retrieved from http://www.scholarsstrategynetwork.org
- Silver, D., & Clarke, B. (2014, September 3). Social impact bonds: Profiting from poverty? Retrieved from http://www.the-sarf.org.uk
- Social Finance. (2009). Social impact bonds. Rethinking finance for social outcomes (pp. 1–8). London, UK.
- Social Finance. (2010). Towards a new social economy. Blended value creation through social impact bonds. London, UK.
- Social Finance. (2011). Social impact bonds: The one service. One year on. London, UK.
- Social Finance. (2012). Social impact bonds. An overview. Retrieved from http://www.socialfinance.org.uk/wp-content/uploads/2014/05/small.SocialFinanceWPSingleFINAL.pdf
- Social Finance. (2013, February 25). Response to the MOJ’s transforming rehabilitation consultation. Retrieved from http://www.socialfinance.org.uk
- Social Finance. (2017, July 27). World’s 1st social impact bond shown to cut reoffending and to make impact investors a return. Social Finance. Retrieved from http://www.socialfinance.org.uk/wp-content/uploads/2017/07/Final-press-release-PB-July-2017.pdf
- Solty, I. (2011). After neoliberalism. Left versus right projects of leadership in the global crisis. In S. Gill (Ed.), Global crises and the crisis of global leadership (pp. 199–215). Cambridge, UK; New York: Cambridge University Press.
- Sova. (2014, September 30). Personal communication.
- Sprague, J. (2010). Statecraft in the global financial crisis: An interview with Kanishka Jayasuriya. Journal of Critical Globalisation Studies, 3, 127–138.
- St. Giles Trust. (2014, September 30). Personal communication.
- Steger, M. B., & Roy, R. K. (2010). Neoliberalism: A very short introduction. Oxford, UK: Oxford University Press.
- Strickland, P. (2010). Social impact bonds. The pilot at Peterborough prison. Retrieved from http://www.insidetime.org/resources/Misc_Info_Downloads/UKPRB/UKPRB_SocialImpactBonds_PeterboroughPilot_Nov10.pdf
- Sum, A., Khatiwada, I., McLaughlin, J., & Palma, S. (2011). The “Jobless and Wageless” recovery from the great recession of 2007-2009: The magnitude and sources of economic growth through 2011 and their impacts on workers, profits, and stock values. Boston, MA: Center for Labor Market Studies, Northeastern University.
- Sum, N. L., & Jessop, B. (2013). Towards a cultural political economy putting culture in its place in political economy. Cheltenham, UK: Edward Elgar Publishing.
- Sum, N.-L. (2009). Articulation of “new constitutionalism” with “new ethicalism”: Wal-martization and CSR-ization in developing countries (pp. 50–76). In P. Utting (Ed.), Corporate social responsibility and regulatory governance: Towards inclusive development?. London, UK: Springer.
- The Brookings Institution (2015, October 26). The potential and limitations of impact bonds: Lessons from the first five years of experience worldwide. Retrieved from http://www.brookings.edu/research/reports/2015/07/social-impact-bonds-potential-limitations
- The Brookings Institution. (2019, March 25). A global snapshot: Impact bonds in 2018. Retrieved from https://www.brookings.edu/blog/education-plus-development/2019/01/02/a-global-snapshot-impact-bonds-in-2018/
- The City of New York Office of the Mayor. (2012, August 2). Mayor Bloomberg, Deputy Mayor Gibbs and Corrections Commissioner Schriro announce nation’s first social impact bond program. NYC Office of the Mayor. Retrieved from http://www.nyc.gov
- The Economist. (2010, October 21). Let ’em out and throw away the key. Retrieved from http://www.economist.com
- The Guardian. (2009a, January 1). Brown’s new year message hails end of “free market dogma”. Retrieved from https://www.theguardian.com/politics/2009/jan/01/gordon-brown-new-year-message
- The Guardian. (2009b, April 26). David Cameron warns of “age of austerity”. Retrieved from https://www.theguardian.com/politics/2009/apr/26/david-cameron-conservative-economic-policy1
- The Guardian. (2010, June 10). Will social impact bonds solve society’s most intractable problems? Retrieved from https://www.theguardian.com/society/2010/oct/06/social-impact-bonds-intractable-societal-problems
- The Independent. (2011, March 16). Toby Eccles: The money man on a mission to save society. Retrieved from https://www.independent.co.uk/news/people/profiles/toby-eccles-the-money-man-on-a-mission-to-save-society-2244045.html
- US National Advisory Board on Impact Investing. (2014). Private capital. Public good. How smart federal policy can galvanize impact investing — And why it’s urgent. Retrieved from https://www.bridgespan.org/bridgespan/Images/services/impact-investing/Private_Capital_Public_Good.pdf
- Vera Institute of Justice. (2015a, March 18). Personal communication.
- Vera Institute of Justice. (2015b, July 2). Impact evaluation of the Adolescent Behavioral Learning Experience (ABLE) program at Rikers Island - summary findings. Retrieved from http://www.vera.org
- Vera Institute of Justice. (2016a, March 31). Personal communication.
- Vera Institute of Justice. (2016b, September). Impact evaluation of the Adolescent Behavioral Learning Experience (ABLE) program. Retrieved from https://www.vera.org
- Wacquant, L. (2010). Crafting the neoliberal state: Workfare, prisonfare, and social insecurity. Sociological Forum, 25(2), 197–220. doi:10.1111/(ISSN)1573-7861
- Wallerstein, I. (2008). 2008: The demise of neoliberal globalization. Retrieved from https://yaleglobal.yale.edu/content/2008-demise-neoliberal-globalization
- Warner, M. E. (2013). Private finance for public goods: Social impact bonds. Journal of Economic Policy Reform, 16(4), 303–319. doi:10.1080/17487870.2013.835727
- Warner, M. E., & Clifton, J. (2013). Marketisation, public services and the city: The potential for Polanyian counter movements. Cambridge Journal of Regions, Economy and Society, 7(1), 45–61. doi:10.1093/cjres/rst028
- Warner, M. E., & Tse, A. (2018). The razor’s edge: Social impact bonds and the financialization of early childhood services. Journal of Urban Affairs. doi:10.1080/07352166.2018.1465347
- Whitfield, D. (2015). Alternative to private finance of the welfare state: A global analysis of Social Impact Bond, Pay-for-Success and Development Impact Bond project. Adelaide, Australia: Australian Workplace Innovation and Social Research Centre and European Services Strategy Unit.
- Wiggan, J. (2018). Policy boostering the social impact investment market in the UK. Journal of Social Policy, 47, 721–738. doi:10.1017/S0047279418000089
- World Bank. (2009). What is inclusive growth? Retrieved from http://siteresources.worldbank.org/INTDEBTDEPT/Resources/468980-1218567884549/WhatIsInclusiveGrowth20081230.pdf
- World Economic Forum. (2013). From the margins to the mainstream assessment of the impact investment sector and opportunities to engage mainstream investors. Retrieved from http://www3.weforum.org/docs/WEF_II_FromMarginsMainstream_Report_2013.pdf
- Wright, E. O. (2000). Working-class power, capitalist-class interests, and class compromise. American Journal of Sociology, 105(4), 957–1002. doi:10.1086/210397