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Philip Booth
23 May 2014
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    While the income of a minority is increasing exponentially, that of the majority is crumbling. - Pope Francis We, as the Catholic Church, have to make our voice heard in this regard as...
Philip Booth
22 May 2014
1 comment

Yesterday, Catholic Archbishop George Stack made some remarks about poverty which, like so many remarks made by bishops on the subject, took statistics out of context in order to justify very...
Philip Booth
18 May 2014
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According to columnists on the left, Thomas Piketty’s new book, Capital in the Twenty-First Century, has not been adequately answered by those who believe in free-market capitalism. One obvious...
Philip Booth
15 May 2014
5 comments

If somebody were to start an engineering textbook by saying that the maximum theoretical speed of a perfect car was the speed of light and that a car that travelled at any speed lower than that was a...
Philip Booth
12 May 2014
2 comments

No major political party is interested in a radical decentralisation of power. The Conservatives, in particular, are scarred by their experiences of ‘loony-left’ councils in the 1980s,...
Philip Booth
7 May 2014
2 comments

Our financial regulators are not known for their incisive economic analysis, but more for tying up in red tape sectors of the economy that were hitherto performing tolerably well – normally...
Philip Booth
1 May 2014
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Two fallacies are common in the EU debate. One is the ‘nirvana fallacy’, the idea that, if we leave the EU, we will have optimal policy at home. In financial services, for instance, while...
Anna Rowlands and Philip Booth
23 April 2014
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    Anna Rowlands: Philip Booth raises the question of a Catholic reflection on the role of the state, and whether the Cardinal’s comments place him in a position of personal opinion...
Philip Booth and Anna Rowlands
17 April 2014
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  Anna Rowlands: Ensuring that all citizens are protected from destitution and receive basic care and subsistence when in dire need has typically been seen as the core purpose of the welfare...
Philip Booth
7 April 2014
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A week ago, Mark Hoban, the former Work and Pensions Minister, called for a reform of tax relief on pensions contributions to 'equalise' the rate of relief given to all taxpayers at 30...
Philip Booth
28 March 2014
2 comments

It is not entirely unwelcome that the energy industry has been referred to the Competition and Markets Authority (CMA) by Ofgem. It may lance a festering boil; it may do some good. However, this will...
Philip Booth and Carlo Stagnaro
5 March 2014
4 comments

Europe’s plan to decarbonise its economy by 2030 is very likely to meet Albert Einstein’s definition of insanity: ‘doing the same thing over and over again and expecting different...
Philip Booth and Sushil Mohan
3 March 2014
3 comments

Fairtrade is part of the rich tapestry of institutions that develops in market economies to bring together consumers and producers. Fairtrade opens up an additional trading channel within the market...
Philip Booth
28 February 2014
5 comments

With the election phoney war now under way, it appears that the main issue dividing the parties will be the cost of living. Unfortunately, politicians seem to have no real ambition to resolve the...
Philip Booth
20 February 2014
1 comment

After the financial crisis regulators, central bankers and politicians all agreed that we needed more financial regulation. Despite their failings they wanted their powers enhanced – especially...
Philip Booth
17 February 2014
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Bishop Pat Lynch is absolutely right to be concerned about whether migrants, asylum-seekers and those in great need will be able to get health care as a result of government reforms. The principles...
Philip Booth
14 February 2014
10 comments

In the dark days of the 1970s, Labour MPs Jeff Rooker, then aged just 36, and Audrey Wise engineered an important rebellion against Denis Healey’s 1977 Finance Act. They ensured that...
Philip Booth
6 February 2014
2 comments

It is highly likely that the Scottish people will wake up after the votes have been counted in September’s referendum with their status as citizens of the United Kingdom confirmed. That outcome...
Philip Booth
23 January 2014
1 comment

Those on the left of the political spectrum argue that many of the world’s problems are caused by big business exploiting the poor. Those who support a free economy, meanwhile, lay many of the...
Philip Booth
22 January 2014
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A preview from the Spring 2014 issue of EA Magazine. Marginal tax rates and income: new time series evidence Karel Mertens Available from: http://www.economics.cornell.edu/km426/papers/MTRI_article....