Calculative Ethics: The Ambiguous Politics of Impact Finance

Calculative Ethics examines social and development impact bonds as a form of ethical finance that adopts a fact-centred approach to addressing social ills. Impact bonds are shown to recast ethical investing through evidence-based governing, tying investor returns to demonstrated social outcomes in domains such as health and education. The book argues that this logic of fact-based financing is gaining institutional traction, reshaping investing practices, public service commissioning, and ap...