New book: Social policy bonds

from the funding-difficult-goals dept.
Senior Associate WillWare writes "Ronnie Horesh, an economist in New Zealand, has recently published a book on his notion of social policy bonds. The government issues bonds at a low price, redeemable at a high price when a social goal has been accomplished. This allows the government to set and fund social agendas while leaving the details of implementation to the free market."