“Keohane weaves together case studies from around the globe that illustrate the immense potential of market mechanisms to more effectively use public, philanthropic, and private sector funds to address the world’s seismic challenges. Capital and the Common Good should be read by policy makers, philanthropic funders, and private investors alike—anyone looking for practical approaches to improve outcomes on the pressing issues of our day, from climate change to public health to economic inequality to urban revitalization.”
~Robert E. Rubin, cochairman of the Council on Foreign Relations and former U.S. Treasury Secretary
In Capital and the Common Good How Innovative Finance Is Tackling the World’s Most Urgent Problems, Georgia Levenson Keohane argues that innovative finance, when it works, gives us the tools, motivation, and security to invest in our shared future. Keohane introduces this idea and explains why Adam Smith’s invisible hand does not apply to these types of public need and public good in this excerpt.
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