Prof Philip Booth is a British economist. He is Editorial and Programme Director at the Institute of Economic Affairs (2002–present) and Professor of Insurance and Risk Management at Cass Business School, City University. His primary areas of research and writing are social insurance, financial regulation and Catholic social teaching. He has been responsible for new insights in the pricing of risk in banking (published in the British Actuarial Journal) and the development of models for pricing upward only rent review options in real estate contracts. He has also published other prize-winning work in the field of real estate modelling and asset liability management – the topic of his PhD.



Philip Booth is also a Fellow of Blackfriars Hall, Oxford University, a Fellow of the Institute of Actuaries, a Fellow of the Royal Statistical Society and an Honorary Member of the Society of Actuaries of Poland. His undergraduate degree (in economics) was from the University of Durham and his PhD (in finance) from City University. He also holds the Certificate in Finance and Investment of the Institute of Actuaries.



Career

He began his career working in the Investment Department of Axa Equity and Law (1985–1988). Since then he has had a period on secondment to the Bank of England (1998–1999), and worked there as a special adviser on financial stability issues from 1999-2002. He was head of the Department of Real Estate Finance and Investment in City University from 2000–2001 and Associate Dean of City University Business School (now Cass Business School) from 2001 until joining the IEA in September 2002. During the 1990s he led a number of projects developing insurance, finance and actuarial science teaching in Central and Eastern Europe with Dr. Krzysztof Stroiński. For this work he was given an award by the Polish Chamber of Insurance and the Polish Society of Actuaries. He was Vice chairman of the Public Sector Pensions Commission, an initiative set up by the Institute of Economic Affairs, the Institute of Directors and others in Dec 2009. The Commission released its final report in July 2010.



Writing

Philip Booth has written widely on pensions, social insurance and financial regulation. He is author, co-author and editor of several books and think tank publications. He is editor of the journal Economic Affairs, Associate Editor of the Annals of Actuarial Science and the British Actuarial Journal, Assistant Editor of the Journal of Property Research and on the editorial board of the International Journal of Enterprise Solutions to Poverty.



Books by Philip Booth include Catholic Social Teaching and the Market Economy, The Road to Economic Freedom (a compilation of work by a number of Nobel Prize Winners in economics), Verdict on the Crash, Christian Perspectives on the Financial Crash (as editor and/or co-author) and a number of other publications on policy issues. In the field of actuarial science and finance, he is co-author of Modern Actuarial Theory and Practice and Investment Mathematics and co-editor of Issues in Monetary Policy: the relationship between money and financial markets. He contributes articles regularly to the Catholic press on issues relating Catholic social teaching to economics.

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