Prof. Charles Goodhart was born in London in 1936. He obtained the Bachelor of Arts Degree from Cambridge in 1960 and Ph.D in 1963 from Harvard University. Prof. Charles Goodhart, CBE, FBA is now the Norman Sosnow Professor of Banking and Finance at the London School of Economics. Before joining the London School of Economics in 1985, he worked at the Bank of England for seventeen years as a monetary adviser, becoming a Chief Adviser in 1980. During 1986, Prof. Goodhart helped to found, with Prof. Mervyn King, the Financial Markets Group at London School of Economics, 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. Earlier he had taught at Cambridge and London School of Economics. Besides numerous articles, he has written a couple of books on monetary history, and a graduate monetary textbook, Money, Information and Uncertainty (2^nd Edition 1989); and has published two collections of papers on monetary policy, Monetary Theory and Practice (1984) and The Central Bank and The Financial System (1995); and an institutional study of The Evolution of Central Banks, revised and republised (MIT Press ) in 1988.