Philip Booth is Editorial and Programme Director at the Institute of Economic Affairs and Professor of Finance, Public Policy and Ethics at St Mary’s University, Twickenham. Previously, he was Professor of Insurance and Risk Management at Cass Business School. He also worked for the Bank of England as an advisor on financial stability issues and has been Associate Dean of Cass Business School. He has written widely, including a number of books, on investment, finance, social insurance and pensions as well as on the relationship between Catholic social teaching and economics. Philip has a BA in economics from the University of Durham and a PhD from City University. He is a Fellow of the Institute of Actuaries and a Fellow of the Royal Statistical Society.