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Philip Booth
1 July 2015
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In Part 1 of this post, I looked at the way international financial regulation encouraged complexity and regulatory capture. In this part, I look at the problems of herd behaviour and the making of...
Philip Booth
24 June 2015
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In the last 30 years there has been a huge movement towards the internationalisation of financial regulation. This manifests itself at the EU level but also more widely. If you were to use a random...
Philip Booth
19 June 2015
4 comments

Pope Francis’ encyclical, ‘Laudato si’, is an important contribution to the theology and morality of the earth’s ecology in the context of a holistic conception of the human...
Philip Booth
15 June 2015
2 comments

On 12th June, the Guardian published a letter from 79 economists, including David Blanchflower, Thomas Piketty, Mariana Mazzucato and Ha-Joon Chang. The 79 argue that George Osborne’s proposals...
Philip Booth
2 June 2015
4 comments

Would anybody ever be brave enough to oppose “corporate social responsibility” (CSR)? Certainly, it is a good marketing strapline. And CSR proponents have been very successful...
Philip Booth
28 May 2015
1 comment

In a recent article on CapX, Adam Memon made the case for the minimum wage to be increased to the living wage. In other words, he wishes to see the Green Party’s policies on this matter to be...
Philip Booth and Alberto Mingardi
1 May 2015
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The anti-trust authorities are continuing to try to police the high tech markets. But are they up to the job? The new investigation opened by the European Commission into Google’s market...
Philip Booth
30 April 2015
13 comments

What is striking about Paul Krugman’s recent article in the Guardian criticising the British ‘austerity culture’ is the complete lack of curiosity about the varied and very distinct...
Philip Booth
21 April 2015
2 comments

Perhaps there is one thing worse than somebody who knows the price of everything and the value of nothing – it is a politician who believes that they know what the price of everything should be...
Philip Booth
16 April 2015
1 comment

We are frequently given quite pessimistic assessments of the environment and of the world economy through Vatican documents, lectures and homilies. Sometimes these are designed to make us think or...
Philip Booth
13 April 2015
1 comment

The Catholic Bishops’ General Election advice called on Catholics to support a “robust National Health Service on which we can all rely”. This is something of an about-turn. When...
Philip Booth
10 April 2015
3 comments

We have a tax system that is badly designed in principle and far too complex in practice. It is completely unreasonable for politicians to blame individuals and companies who try to minimise their...
Philip Booth
31 March 2015
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The Christian group Care has regularly published a report on the taxation of families in Britain and other developed countries. Its last report concluded that single-earner married couples...
Philip Booth
18 March 2015
2 comments

Whenever we approach a General Election or Budget, the competition for the daftest tax policy idea is always intense. The current front-runner is probably the proposal to largely exempt houses from...
Philip Booth
27 February 2015
4 comments

The Greens have a radical policy agenda which would, if implemented, probably involve a huge transfer of power from the people to the state. The Greens must, however, be given credit for clearly...
Philip Booth
19 February 2015
1 comment

In response to an article for The Tablet on Oxfam’s wealth inequality figures, Mr Fuentes-Nieva, Head of Research at Oxfam, makes some counterpoints in a letter to The Tablet (also repeated in...
Philip Booth
13 February 2015
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Those who wish to cut government arts funding are often branded ‘philistines’. But there is a difference between appreciating the arts and believing that the state should support the arts...
Philip Booth and Ryan Bourne
9 February 2015
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In a recent CapX article, Tim Montgomerie sought to outline ‘10 things that capitalism needs but cannot provide’. There was much to agree with in his article, but we are puzzled by his...
Philip Booth
29 January 2015
1 comment

In recent months the global elite, including the Catholic head of the Bank of England Mark Carney, have joined Pope Francis in expressing concern about inequality. The issue was also discussed at...
Philip Booth
15 January 2015
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With the news that inflation has fallen to 0.5 per cent there are “fears” that we might be about to slide into deflation. It is worth noting, firstly, that it is CPI inflation that has...