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100			_aBryant, Gareth _957323
245			_aBringing finance inside the state: _bHow income contingent loans blur the boundaries between debt and tax/
260			_bSage, _c2020.
300			_aVol. 52, Issue 1, 2020 ( 111–129 p.)
520			_aIncome-contingent loans are increasingly used by governments around the world to finance the costs of higher education. We use the case of income-contingent loans to explore how states are bringing the architecture of financial markets inside the state, disrupting conventional understandings of marketisation that are linked to concepts of commodification. We argue that income-contingent loans are hybrid policy instruments that combine elements of a state-instituted tax and a market-negotiated debt. We understand this hybrid construction in terms of the actors and mechanisms characteristic of what Polanyi identified in patterns of ‘redistribution’ and ‘exchange’. We then follow the contested mutations of income-contingent loans in Australia, England and the United States along three axes of hybridity that produce a variegated landscape of higher education finance: determining debt, charging interest and enforcing repayment. Our analysis reveals how, as processes of marketisation internalise financial ways of calculating and organising, states are blurring the boundaries between debts and taxes, redirecting political contestation over commodification.
700			_aSpies - Butcher, Ben _957324
773	0		_08877 _917103 _dLondon Pion Ltd. 2010 _tEnvironment and planning A _x1472-3409
856			_uhttps://doi.org/10.1177/0308518X18764119
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