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This article explores the rise and fall of social investment (SI) practices in Swedish local government to examine how public-sector reforms are enacted—and undone—in practice. While SI initially promised more preventive, evidence-based and cost-efficient welfare, its local implementation through SI Funds (SIFs) reveals a more complex story. Based on a decade of ethnographically informed research,This article explores the rise and fall of social investment (SI) practices in Swedish local government to examine how public-sector reforms are enacted—and undone—in practice. While SI initially promised more preventive, evidence-based and cost-efficient welfare, its local implementation through SI Funds (SIFs) reveals a more complex story. Based on a decade of ethnographically informed research,
