This book examines Social Impact Bonds as a means to finance social services, and how mainstream and heterodox economic theory can help understand their existence and emergence.

Jesse Hajer is a professor in the Department of Economics at the University of Manitoba.
Loxley John :

John Loxley was a professor in the Department of Economics at the University of Manitoba and a Fellow of the Royal Society of Canada.

"Social Impact Bonds are one of the latest instantiations of financial innovation and for more than a decade evangelists have been extolling their virtues. Jesse Hajer and John Loxley’s comprehensive and systematic assessment of the evidence provides an important and long-overdue corrective."

Mildred E. Warner, Professor of City and Regional Planning and Global Development, Cornell University:

"This book is a serious advance in state-of-the-art research on Social Impact Bonds because of its global focus and critical theoretical perspective. The authors find SIBs do not deliver on their three claims of increasing resources, promoting more efficient and better quality programs, and expanding the social service sector. The ‘altruistic’ nature of some SIB investors does not improve upon the problems generally found with information and power asymmetries in government contracting."