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Journal Article
The real revolution of Pay for Success: ending 40 years of stagnant results for communities
Pay for Success (PFS) contracting, social impact bond financing, collective action, impact investing, human capital performance bonds?these are all fascinating and powerful ideas. But the big idea that unites them is progress. Over the years, most sectors of the U.S economy have displayed a long and steady march of progress, where innovation builds on innovation, relentlessly driving efficiencies and effectiveness to ever-higher levels. A particularly striking example is Moore?s Law, which has for 40 years correctly predicted a re-doubling of computer processing speeds and memory size every ...