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Prof Philip Booth

Professor of Finance, Public Policy and Ethics
Director of Catholic Mission

Prof Philip Booth

About Research



As director of Catholic Mission and professor of finance, public policy, and ethics, Philip works to embed the mission of the University through its teaching and research and promotes engagement with a wide range of organisations which can work with St Mary’s University in contributing to promoting the common good of society and to Catholic public life.

He teaches and researches in fields related to economics, political economy, business ethics, and Catholic social teaching. He also works for the Catholic Bishops' Conference of England and Wales as Director of Policy and Research. He sits on the Shadow Monetary Policy Committee.

Professional qualifications and affiliations

  • Adjunct Professor, School of Law, University of Notre Dame, Australia
  • Senior Research Fellow, Centre for Federal Studies, University of Kent
  • 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 the Vinson Centre for the Public Understanding of Economics and Professor of Economics, University of Buckingham, 2021-2022
  • Dean, Faculty of Education, Humanities and Social Sciences, 2019-2020
  • 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


Areas of research supervision

  • Catholic social thought and teaching
  • Public policy and economics
  • Finance and business ethics

Research profile

Philip is currently researching Catholic social teaching and ethical behaviour in business; the development of private regulatory institutions within investment markets; property rights and environmental protection; and government debt and Catholic social thought. Philip runs, a Templeton World Charity Foundation funded project on Catholic social thought and teaching and 21st century challenges.
He is also available to supervise PhD students in these and potentially other areas.

Publication highlights

  • Booth, Philip Mark and Alves, André Azevedo (2022) Virtues, Vices and the Responsibilities of Business: An Application of Catholic Social Teaching to the Problems of Corruption and Lobbying. Religions, 13 (11).
  • Booth, Philip Mark (2022) Private regulation versus government regulation: the example of financial markets. Economic Affairs, 42 (1). pp. 30-49. ISSN 1468-0270
  • Booth, Philip Mark (2021) Property and Popery – is Pope Francis’s teaching on private property radical? The Review of Austrian Economics. pp. 1-26. ISSN 0889-3047
  • Booth, Philip Mark (2020) Should the Universal Church support a universal basic income? Pastoral Review, 16 (4). (In Press)
  • Booth, P. M.  and Petersen, M. (2020), Catholic social teaching and Hayek’s critique of social justice. Logos: A Journal of Catholic Thought and Culture, 23 (1). ISSN 1091-6687.
  • Booth, P. M. (2020) Ethics in Economics: Lessons and Themes for Further Development from Oeconomicae et pecuniariae quaestiones. Journal of Catholic Social Thought, 17 (2). ISSN 1548-0712. (In press).
  • Booth P. M., Castaneda J. and Capie F. H. (ed), (2020), Has Financial Regulation Gone Too Far? Edward Elgar, UK. (in press).
  • Booth P. M. (2020), Economics without Boundaries, chapter in Reclaiming the Piazza III, Franchi L., Convery R. and Valero J. (ed), Gracewing, UK. (In press)
  • Booth P. M. (2020), The Future of Public Service Broadcasting and the Funding and Ownership of the BBC, Economic Affairs, 40(3).
  • Booth, P. M. and Nakrosis S. (2019) Government debt, inter-generational justice and Catholic social teaching. Bible in Transmission. pp. 16-19. ISSN 9780564013968
  • 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.
  • 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) 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. (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), '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"

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