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Why Sir Ronald Cohen deserves the Nobel Peace Prize

Social impact investing is showing signs of achieving financial success while also addressing social conditions

Sir Ronald Cohen
Sir Ronald Cohen Photo: Getty Images

Big ideas are few and far between. Progress usually occurs incrementally, bit by bit. But sometimes a big idea – even one that starts modestly – can thoroughly transform our view of what is possible.

Last week, a small social experiment conceived 10 years ago to help 2,000 young delinquents in Peterborough, in eastern England, paid off – literally. More important, the Peterborough experiment has become the guiding light for hundreds of millions of dollars in investment in social reform.

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