Markets are the most efficient means yet discovered of allocating society's scarce resources. Unfortunately, many believe that market forces must inevitably conflict with social goals. So it is important to remind ourselves that market forces and self-interest can fulfil social, as well as private, aspirations.This book introduces a radical new financial instrument, Conflict Reduction Bonds, intended to channel the market's incentives and efficiencies into achieving what is perhaps our most urgent and yet remote social objective: the ending for all time of violent political conflict.
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Markets are the most efficient means yet discovered of allocating society’s scarce resources. Unfortunately, many believe that market forces must inevitably conflict with social goals. So it is important to remind ourselves that market forces and self-interest can fulfil social, as well as private, aspirations. This book introduces a radical new financial instrument, Conflict Reduction Bonds, intended to channel the market’s incentives and efficiencies into achieving what is perhaps our most urgent and yet remote social objective: the ending for all time of violent political conflict.
Ronnie Horesh?s work on social policy has been praised by distinguished economists. He has spoken about his ideas in such fora as the Organisation for Economic Co-operation and Development (OECD), Cambridge University and think tanks in the United Kingdom, Australia and New Zealand. Ronnie Horesh is a freelance economist. Educated in the United Kingdom, he has worked for a variety of organisations including the New Zealand Ministry of Agriculture and Forestry and the OECD.
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