Financialisation of policy life: Mobility, calculation, politics, and power in the Australian social impact bond landscape

Jacob Broom

doi:10.26182/nd6j-q816

Financialisation of policy life: Mobility, calculation, politics, and power in the Australian social impact bond landscape

Jacob Broom

Research output: Thesis › Doctoral Thesis

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Abstract

This thesis explores the intersections of finance and social policy as they are enacted in the landscape of Australian social impact bonds (SIBs), a policy model for leveraging private capital in social programs using techniques of outcomes measurement. It argues that SIBs signify a financialisation of policy life', meaning that they embed financial devices and logic in the conduct of policy decision-making. It also explores SIBs as a global policy model, imbricating this logic in multiple, relationally connected spaces. To support these claims, qualitative research methods are used, including interviews with 35 participants, document analysis, and social network analysis.

Original language	English
Qualification	Doctor of Philosophy
Awarding Institution	The University of Western Australia
Supervisors/Advisors	Gerard, Kelly, Supervisor Savage, Glenn, Supervisor Tchilingirian, Jordan, Supervisor
Thesis sponsors	Australian Government Research Training Program
Award date	28 Feb 2023
DOIs	https://doi.org/10.26182/nd6j-q816
Publication status	Unpublished - 2022

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10.26182/nd6j-q816

THESIS - DOCTOR OF PHILOSOPHY - BROOM Jacob 2023_
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2 Article

Networks of knowledge production and mobility in the world of social impact bonds
Broom, J. & Tchilingirian, J., 2022, In: New Political Economy. 27, 6, p. 1031-1045 15 p.
Research output: Contribution to journal › Article › peer-review
2 Citations (Scopus)
Social Impact Bonds and Fast Policy: Analyzing the Australian Experience
Broom, J., Feb 2021, In: Environment and Planning A. 53, 1, p. 113-130 18 p.
Research output: Contribution to journal › Article › peer-review
13 Citations (Scopus)

Cite this

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abstract = "This thesis explores the intersections of finance and social policy as they are enacted in the landscape of Australian social impact bonds (SIBs), a policy model for leveraging private capital in social programs using techniques of outcomes measurement. It argues that SIBs signify a financialisation of policy life', meaning that they embed financial devices and logic in the conduct of policy decision-making. It also explores SIBs as a global policy model, imbricating this logic in multiple, relationally connected spaces. To support these claims, qualitative research methods are used, including interviews with 35 participants, document analysis, and social network analysis.",

keywords = "financialisation, Social impact bonds, policy mobilities, policy assemblage, social policy, social impact investment, neoliberalism",

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AB - This thesis explores the intersections of finance and social policy as they are enacted in the landscape of Australian social impact bonds (SIBs), a policy model for leveraging private capital in social programs using techniques of outcomes measurement. It argues that SIBs signify a financialisation of policy life', meaning that they embed financial devices and logic in the conduct of policy decision-making. It also explores SIBs as a global policy model, imbricating this logic in multiple, relationally connected spaces. To support these claims, qualitative research methods are used, including interviews with 35 participants, document analysis, and social network analysis.

KW - financialisation

KW - Social impact bonds

KW - policy mobilities

KW - policy assemblage

KW - social policy

KW - social impact investment

KW - neoliberalism

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DO - 10.26182/nd6j-q816

M3 - Doctoral Thesis

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Financialisation of policy life: Mobility, calculation, politics, and power in the Australian social impact bond landscape

Abstract

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Research output

Networks of knowledge production and mobility in the world of social impact bonds

Social Impact Bonds and Fast Policy: Analyzing the Australian Experience

Cite this