Social Benefit Bonds: Financial Markets Inside the State

This book chapter delves into the concept of Social Benefit Bonds (SBBs), analysing them as a form of social impact investment where financial markets play a role within state governance. It provides an assessment of SBBs, exploring how these instruments connect private capital to social outcomes, and the implications for accountability and service delivery. The work critically examines the intersection of finance, policy, and social welfare, particularly in the context of Australia.