Skip to content Exit mobile menu

Prof Philip Booth

Dean of Faculty - Education, Humanities and Social Sciences
Professor of Finance, Public Policy and Ethics

Prof Philip Booth


About Research Media


As well as Dean of the Faculty of Education, Humanities and Social Sciences, Philip helps to develop curricula and teaches in fields such as political economy, business ethics and Catholic social teaching. He also works for the Institute of Economic Affairs as Senior Academic Fellow.

Professional Qualifications and affiliations

  • Fellow of the Institute of Actuaries, 1991 onwards
  • Fellow of the Royal Statistical Society, 1990 onwards
  • Certificate of Finance and Investment of the Institute of Actuaries, 1989
  • Honorary Member of the Society of Actuaries of Poland, 1997 onwards
  • Fellow, Blackfriars Hall, University of Oxford, 2010-2011
  • Member, the Mont Pelerin Society, 2007 onwards

Previous Experience

  • Director of Research and Public Engagement, St. Mary’s University, 2016-2019
  • Academic and Research Director, Institute of Economic Affairs (2002-2016)
  • Previously Professor of Insurance and Risk Management, Cass Business School and other positions within City University, 1988-2015
  • Associate Dean, City University Business School 2001–2002
  • Adviser on Financial Stability to the Bank of England 1998-2002                                


Philip is currently researching public choice economics and tax and benefit systems; state pensions systems and inter-generational problems; Catholic social teaching and ethical behaviour in business; and the development of private regulatory institutions within investment markets.

He is also available to supervise PhD students in these and potentially other areas.

Find out more about Philip's research specialisms

Publication highlights

  • Booth, P. M. (2019) Integrating Health and Social Care: State or Market? Discussion Paper. Institute of Economic Affairs. Current Controversies number 69
  • Booth, P. M. and Beck, Rosalind (2019) Taxation without justification: An economic analysis of the Treasury’s treatment of privately rented housing. Discussion Paper. Institute of Economic Affairs, London. Current Controversies 68
  • Booth, P. M. (2019) The scourge of housing costs – causes and solutions. Catholic Social Action Network.
  • Booth, P. M. and Peterson M. (2019), Catholic social teaching and Hayek’s critique of social justice, accepted for publication in Logos
  • Alves A. A., Booth P. M. and Fryzel B. (2019), Business Culture and Corporate Social Responsibility: an Analysis in the Light of Catholic Social Teaching with an Application to Whistle Blowing, Heythrop Journal, 60, 600-613.
  • Booth, P. M. (2018) Ethics and the financial system – extending the themes of the Vatican’s 2018 letter, and lessons for educators and professional development.  Centesimus Annus Foundation Dublin Process, 31st January 2019, Notre Dame, London.
  • Booth, P. M. (2018) Globalisation, poverty and the responsibility of business. The Newman, 104.
  • Booth, P. M. (2018) Capitalism and Social Co-operation. Crucible - The Journal of Christian Social Ethics, 2018 (Jan). pp. 30-39. ISSN 0011-2100
  • Booth, P. M. (2017) Monetary policy, asset prices and financial institutions. In: Congdon, Tim, (ed.) Money in the Great Recession. Edward Elgar, UK, pp. 185-207. ISBN 978-1-78471-782-7.
  • Booth P. M. (2017), Is the State the Solution to Individualism? An analysis from Catholic social teaching, in Wood B. (ed), Renewing the Self: Religious Perspectives on Individuals and Communities, Cambridge Scholars Publishing, Newcastle, UK.
  • Alves A. A., Booth P. M. and Fryzel B. (2017), Business Culture and Corporate Social Responsibility: an Analysis in the Light of Catholic Social Teaching with an Application to Whistle Blowing, Heythrop Journal, (accepted for publication).
  • Booth, Philip Mark (2017) Property Rights and Conservation - the missing theme of Laudato si'. Independent Review, 21 (3). pp. 1-20.
  • Booth, P. M. ed (2016), In Focus – the case for privatising the BBC, Hobart Paperback 182, Institute of Economic Affairs, London, UK.
  • Booth, P. M. and Davies, Stephen (2016) Rules and Order without the State. In: Palmer, Tom, (ed.) Self-Control or State Control - you decide. Jameson Books, Washington DC, pp. 78-99.
  • Booth, P. M. (ed) (2016) Dottrina sociale cattolica ed economia di mercato (Catholic social teaching and the market economy - Italian edition). liberlibri, Milano, Italia. ISBN 978-88-98094-29-5
  • Booth P. M. (2015), Federal Britain – the case for decentralisation, Readings in Political Economy 3, Institute of Economic Affairs, London, UK.
  • Booth P. M. (2015), Pluralism and the Common Good in a Market Economy, in Together for the Common Good: towards a national conversation, McGrail P. and Sagovsky N. (ed), SCM Press, London, UK.
  • Booth P. M. and Davies S. (2015), Price Ceilings in Financial Markets, in Coyne C. and Coyne R. Price Controls and the Damage they Cause, Hobart Paperback 179, Institute of Economic Affairs, London, UK.
  • Booth P M (2014), 'Monetary policy, asset prices and financial institutions', Annals of Actuarial Science, 8(1), p.9-41
  • Booth P M ed. (2014), 'Catholic Social Teaching and the Market Economy' 2nd edition, London, UK: St. Paul's, p.496, ISBN 978-0-85439-837-9 (also published in Slovene)
  • Booth P M (2014), Margaret Thatcher e la rivoluzione dei mercati finanziari’, Ventunesimo Secolo, n. 35, 2014, pp. 61-78
  • Booth P M (2014), Stock Exchanges as Lighthouses, Man and the Economy, 1(2), 171-188 (memorial issue for Prof. Ronald Coase).
  • Booth P M (ed) (2013), 'The Euro - the beginning, the middle...and the end?', London: Institute of Economic Affairs (Hobart Paperback 39), p.216, ISBN 0255366809
  • Booth P M (2013), 'State Pension Reform in a Public Choice Framework', North American Actuarial Journal, 17(1), p.82-97.
  • Booth P M and Christiaan Alting von Geusau (2013), 'Catholic Education in the West - Roots, Reality and Revival', Michigan, US: The Acton Institute, p.86, ISBN 978-1-938948-57-2
  • Booth P M (2012), 'The crash of 2008: a discussion of its causes and their relationship to ethical issues' in Samuel Gregg and Harold James (ed.), Natural Law, Economics and the Common Good, Imprint Academic, p.227-243.
  • Booth P M (ed) (2010), 'Christian Perspectives on the Financial Crash', London: St Pauls, ISBN 9780854397679
  • Booth P M (2010), 'Ethical Dilemmas for Large Corporations in Under-developed Countries' in Barbara Fyzel and Paul Dembinski (ed.), The Role of Large Enterprises in Democracy and Society, UK: Macmillan, ISBN 9780230229181
  • Booth P M (2010), 'The Crash of 2008 - A Discussion of the Causes and Relationship with Ethical Issues', Finance et bien commun (Finance and the Common Good), 36(1), p.39-53
  • Booth P M (2009), 'Learning from the crash, and teaching after it' in Samuel Gregg and James Stoner (ed.), Profit, Prudence and Virtue: essays in ethics and business management, UK and US: Imprint Academic, ISBN 978184540159753490
  • Booth P M (2009), 'Government, Solidarity and Subsidiarity' in Nick Spencer and Jonathan Chaplin (ed.), God and Government, London, UK: SPCK, ISBN 9780281060719
  • Booth P M, Wellings R (ed) (2009), 'Globalization and Free Trade', UK: Edward Elgar, p.713, ISBN 978-1-84844-575-8
  • Booth P M (2008), 'Modern Business and its Moral and Ethical Dilemmas in a Globalized World' in Ian Harper and Samuel Gregg (ed.), Christian Theology and Market Economics, UK: Edward Elgar, p.129-145, ISBN 9781847203779
  • Booth P. M. (2007), '“Freedom with Publicity” – the actuarial profession and insurance regulation from 1844-1945', Annals of Actuarial Science, 2(1), p.115-146
  • Booth P. M., Morrison A. (2007), 'Regulatory Competition and Life Insurance Solvency Regulation in the EU and the USA', North American Actuarial Journal, 11, p.23-41
  • Booth P. M. and Kent Matthews (ed) (2006), 'Issues in Monetary Policy: the relationship between money and financial markets', UK: Wiley, p.210 pages
  • Booth P. M., Meadowcroft J. (ed) (2006), 'The Road to Economic Freedom (two volumes)', Edward Elgar, p.960

In the news

St Mary’s Academic Publishes Handbook of Research for Social Enterprises

Academic at St Mary’s University, Twickenham, Dr Chi Maher, has this Spring published ‘The Handbook of Research on Value Creation for Small and Micro Social Enterprises’. Find out more...

Students Graduate from St Mary's Inaugural International Business Management Masters Programme

St Mary’s University, Twickenham was delighted to celebrate the inaugural graduation of students from its Master of Science (MSc) programme in International Business Management this spring. Find out more...

St Mary’s University Academic Prof Philip Booth launches paper in Parliament proposing major reforms to address the housing crisis

St Mary’s University Professor of Finance, Public Policy and Ethics and Dean of Faculty for Education, Humanities and Social Sciences, Philip Booth, has launched a paper on the housing crisis, published by the Catholic Social Action Network (CSAN) at an event in the Houses of Parliament. Find out more...

Sir Vince Cable Opens St Mary’s New Doctoral College

Local Member of Parliament, Sir Vince Cable officially opened the new Doctoral College at St Mary’s University, Twickenham on Friday 8th December. Find out more...

Globalisation Governance and the Digital Economy Research Cluster launched by the School of Management and Social Sciences

Ahead of the new academic year, The School of Management and Social Sciences (MSS) at St Mary’s University, Twickenham, launched a new Research Cluster on Globalisation Governance and the Digital Economy, led by Professor Emanuela Todeva. Find out more...

Media enquiries

For media enquiries, please contact our Communications and Public Engagement Manager, Sam Yarnold, by emailling or calling 020 8240 8262.