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Richard Holden

Richard Holden

Professor of Economics and PLuS Alliance Fellow, UNSW

Richard Holden is Professor of Economics at the UNSW Australia Business School and an Australian Research Council Future Fellow from 2013-2017.

Prior to that he was on the faculty at the University of Chicago and the Massachusetts Institute of Technology. He received a PhD from Harvard University in 2006, where he was a Frank Knox Scholar.

His research focuses on contract theory, law and economics, and political economy. He has written on topics including: political districting, the boundary of the firm, incentives in organizations, mechanism design, and voting rules.

Professor Holden has published in top general interest journals such as the American Economic Review and the Quarterly Journal of Economics.

He is currently editor of the Journal of Law and Economics, and is the founding director of the Herbert Smith Freehills Inititative on Law & Economics at UNSW.

He has been a Visiting Professor of Economics at the MIT Department of Economics and Visiting Professor of Law at the University of Chicago Law School.

His research has been featured in press articles in such outlets as: The New York Times, The Financial Times, the New Republic, and the Daily Kos.

Australia's 4.6% unemployment rate hints at what's possible, but it's not the real thing

Aug 22, 2021 01:17 am UTC| Economy

This week provided a first tiny glimpse into the labour-market fallout from Australias recent lockdowns. Australian Bureau of Statistics published the wage price index for the June quarter yesterday, showing sluggish...

If you want predictions, ask an astrologer. Economists have better things to do

Aug 06, 2021 09:47 am UTC| Economy

If you ask most people what economists do, they might tell you it has something to do with money. Or perhaps forecasting what the economy will look like a year from now. Most of the other comparisons would be less...

Why has growth slowed globally? It has something to do with technology

Jun 20, 2021 11:57 am UTC| Insights & Views Economy

Even before COVID-19 hit, Australia was experiencing slow growth in GDP per capita and real wages. There has been a distinctly lower rate of both economic and real wages growth since the financial crisis of...

Central Banking Series

It's not the Reserve Bank's job to worry about housing prices

Jun 12, 2021 07:15 am UTC| Economy Central Banks

Once again folks are pointing to the potential danger of Australias low interest rates. This week a poll of so-called market economists by ratings agency Fitch had only 12% of respondents in favour of the Reserve Bank...

A bounce-back in investment holds open the possibility of very good news

May 28, 2021 11:12 am UTC| Economy Investing

Private business investment is one of the key drivers of economic growth. Business investment in equipment (and even in buildings) drives productivity, which the Nobel Prize winning economist Paul Krugman famously...

Wages growth desultory, unemployment stunning

May 23, 2021 03:33 am UTC| Economy

The key narrative in Josh Frydenbergs 2021 budget was the need to use more aggressive fiscal policy to drive unemployment down and wages up. Two key pieces of data this week indicate how things are tracking. On...

Vital Signs Series

3 economic facts point to a big-spending federal budget

Apr 30, 2021 07:08 am UTC| Economy

Its difficult to make predictions, the saying goes, especially about the future. The many predictions federal budgets make about the economy over the coming four years must therefore be taken with a large grain of...

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Economy

McDonald's revamping Happy Meal toys to be eco-friendly

McDonalds revealed earlier this week that it would make significant changes to its Happy Meal toys in an effort to cut the use of plastic. The fast-food chains meal package for kids always comes with a toy, and they are...

Freddie Mercury NFTs up for auction for AIDS charity

Four non-fungible token (NFT) artworks inspired by the late Freddie Mercury of band Queen are being auctioned off for charity to mark the British singer-songwriters 75th birthday. Three of the NFTs show an image of...

NBA's Philadelphia 76ers taps Crypto.com as jersey patch and NFT partner

The NBAs Philadelphia 76ers have tapped Crypto.com as their partner for the jersey patch deal for the 2021-2022 season and on releasing a non-fungible token series. According to 76ers President Chris Heck, by weaving...

Chipotle launches new meat addition to its menu

Chipotle just revealed it is adding a new item to its menu, and this time, it is meat. It was reported that the Mexican grill restaurant chain is finally introducing the smoked brisket menu after the successful food...

Politics

Joe Biden says US will donate additional 500 million COVID-19 vaccine doses

This week, US President Joe Biden hosted a COVID-19 summit amongst his counterparts. At the virtual event, Biden pledged that the US will donate an additional 500 million doses of the COVID-19 vaccine to other...

Mary Trump weighs in on latest lawsuit by uncle Donald Trump

This week, former President Donald Trump filed a lawsuit against his niece Mary Trump and the New York Times. Ms. Trump appeared to shrug the latest lawsuit against her by her uncle, saying that this is the norm within the...

Kamala Harris immigration: VP blasts expulsion of Haitian migrants from border

To this day, thousands of migrants are still at the southern border of the US, looking to enter the country even in the midst of the pandemic. This week, US Vice President Kamala Harris blasted the recent incidents of...

Capitol riots: New video footage reveals insurrectionist frothing at the mouth upon confronting police officer

Hundreds of rioters that have been arrested are awaiting trial or waiting for their sentencing for their involvement in the January 6 insurrection at the Capitol. A newly released bodycam footage showed one insurrectionist...

Science

UK industry group warns CO2 crisis poses a risk of meat shortage

An industry group has warned of carbon dioxide (CO2) shortage in the UK within the week due to a sharp rise in gas prices that could result in meat supply issues. The gas price hie has forced domestic energy suppliers...

S. Korea's POSCO, Hyundai to use oyster shell waste for steelmaking

S. Korean steelmakers POSCO and Hyundai Steel Co. will start using oyster shells as a secondary base material for producing steel. Both firms have been developing a recycling technology with a local oyster shell...

S. Korea to develop solar-powered drone that could carry 20 kg to stratosphere

South Korea will invest 37.47 billion won in developing a solar-powered drone that could carry over 20 kilograms in the stratosphere and with natural disaster monitoring capability by 2025. The drone will serve as an...

S. Korean scientists develop 3D printing ink from sunflower pollen

A group of South Korean scientists from Nanyang Technological University in Singapore managed to develop 3D printing ink material from sunflower pollen. The research team led by professor Cho Nam-joon first incubated...

Kumho Petrochemical to produce eco-friendly rubber compound out of rice bran

Kumho Petrochemical Co. will produce an eco-friendly synthetic rubber compound made of rice bran-based bio-silica. Silica improves fuel efficiency, braking power, and wear resistance of synthetic rubber for...

Technology

Best Buy restocks PS5, Xbox Series X/S in-store on September 23

Best Buy has officially announced it is having an in-store restock of PS5 and Xbox Series X/S consoles later this week. The major retailer, however, noted that there are only limited quantities available. In an...

Orca joins ‘Dragon Quest XII: The Flames of Fate’ development

Dragon Quest XII: The Flames of Fate will be the next main title installment for the popular Japanese role-playing game series from Square Enix. While details about the game, its plot, and features are still very scarce,...

Apple confirms update to make iPhone 13 Pro’s macro photography optional

While the iPhone 13 series looks almost identical to the 2020 iPhones, it actually comes with several hardware upgrades. In the camera department, Apple introduced a native macro photography feature on the iPhone 13 Pro...

Samsung Galaxy S21 FE leaks once again, this time through an official Android list

At this point, the launch of the Samsung Galaxy S21 FE is no longer a secret. While Samsung remains mum about the existence of the mid-range phone, tech fans keep finding a new piece of evidence that it is coming...
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