The current spending squeeze in the UK means that there is more interest than ever, both in tools to achieve greater value, and ones that can tap new sources of finance for social goals. Different approaches to investment for social impact are likely to be tested out over the next few years....

The paper discusses some fundamental problems in monetary economics associated with the determination and role of the numéraire. The issues are introduced by formalising a proposal, attributed to Eisler, to remove the zero lower bound on nominal interest rates by unbundling the numéraire and...

In this paper I analyse four different but related concepts, each of which highlights some aspect of the way in which the state acquires command over real resources through its ability to issue fiat money. They are (1) seigniorage (the change in the monetary base), (2) Central Bank revenue (the...

The article considers three major non-Marxist explanations of the modern welfare state: functionalist sociological theories, economic theories of government policy, and pluralist theories of democracy. Each is subjected to a critique and all are found wanting, in that none can satisfactorily...

The article explores the work-life balance policy agenda as it has emerged in post-industrial societies, such as the UK, and it reports on a small-scale study of the experiences and expectations of work-life balance in a low-income inner-London neighbourhood. From the study certain general...

Evidence suggests that a regular and reliable transfer of cash to households with orphaned and vulnerable children has a strong and positive effect on child outcomes. However, conditional cash transfers are considered by some as particularly intrusive and the question on whether or not to apply...

Do resources matter? This question remains controversial in the economics of education as many studies find no relationship between school resources and educational outcomes. Yet, improving educational performance, especially of ‘hard to reach’ children, is a key area for government policy....

This paper addresses the budgeting challenges posed at a national level especially at a time of fiscal crisis and suggests some policy prescriptions to improve the functioning of the Greek public financial system. It focuses on the Public Financial Management and budgeting framework. In that...