Charles Goodhart was the Norman Sosnow Professor of Banking and Finance at the London School of Economics and Political Science until 2002; he is now an Emeritus Professor in the Financial Markets Group there. Before joining LSE in 1985, he worked at the Bank of England for seventeen years as a Monetary Adviser, becoming a Chief Adviser in 1980. During 1986, Goodhart helped to found, with Mervyn King, the Financial Markets Group at LSE, which began its operation at the start of 1987. In 1997, he was appointed one of the outside independent members of the Bank of England’s new Monetary Policy Committee until May 2000.