How to Take Risks, Make the World a Better Place, and Get Paid

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Manage episode 207075815 series 1368517
By USC Bedrosian Center. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Think of all the public policy problems that the government hasn’t been able to solve. Now imagine that you had a solution for one of them. The government should be interested, right? If your solution really works, they should want to invest in it. They should want to encourage you to make it happen, perhaps monetarily if possible. Well, until recently, they didn’t have many avenues to do so. Enter…“social impact bonds,” and the new system of “payment by results.”

In this episode, Gary Painter walks us through some examples of these new “outcome-based” payment systems to encourage innovative risk-taking to solve wicked problems in public policy.

For links and more, check out the showpage.

51 episodes