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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.

What the neoliberalism-hating left should love about markets

Mar 11, 2022 16:54 pm UTC| Economy

It is fashionable these days to dunk on markets. Show me something bad in the world and Ill show you someone blaming it on neoliberalism. Our collective failure to tackle climate change thats the fault of...

Australian unemployment steady at 4.2%, but it will need to go lower still to lift wages

Feb 18, 2022 04:52 am UTC| Economy

Thursday brought news that Australias official unemployment rate in January remained at a historically low 4.2%. In parliament, Prime Minister Scott Morrision boasted of the nation being on track to achieve a rate with a 3...

Vital Signs: Albanese to come clean on emissions targets, but a carbon price is still hush-hush

Dec 04, 2021 01:56 am UTC| Economy

The Australian Labor Party is set to announce its target for cutting greenhouse gas emissions today. At the 2016 and 2019 elections, Labor promised net zero emissions by 2050 and a cut of 45% on 2005 levels by 2030....

Vital Signs Series

Marketing is getting in the way of markets that could get us to net-zero

Nov 13, 2021 07:33 am UTC| Economy

This week the prime minister entered full marketing mode. Scott Morrisons topic was climate change and his plans to get to net-zero. At the Victorian Chamber of Commerce and Industry on Wednesday, he tried out a few...

Borrowing from King Solomon, economists are getting closer to working out how good leaders can make good decisions

Nov 06, 2021 07:59 am UTC| Insights & Views Economy

Heres a story from the Bible. As far as I know, its the first reported instance of the branch of economics known as implementation theory. Its from the First Book of Kings, Chapter 3, starting at Verse 16. Two women...

Vital Signs Series

Laugh at the US if you will, but Australia narrowly escaped a debt ceiling

Oct 09, 2021 08:11 am UTC| Economy

The United States government is scheduled to hit its debt ceiling of US$28.4 billion on or around October 18. The US debt ceiling isnt like the limit on a credit card, which is imposed by the lender worried about the...

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...

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Economy

Texas is suing Planned Parenthood for $1.8B over $10M in allegedly fraudulent services it rendered – a health care economist explains what's going on

Planned Parenthood no longer provides abortions in Texas, Louisiana and the other 10 states that have essentially banned abortion since the Supreme Court handed down its Dobbs v. Jackson decision in June 2022. But the...

African countries lost control to foreign mining companies – the 3 steps that allowed this to happen

Within a few years of independence, African governments asserted sovereignty over their metal and mineral resources. Prior to this, the resources were exploited by European mining corporations. Since the 1990s,...

Canada’s Fall Economic Statement signals the ‘right to repair’ your tech devices

On Nov. 23, the Government of Canada released the 2023 Fall Economic Statement. In a bold move toward empowering consumers, reducing costs and promoting sustainability, the Canadian government has reiterated its commitment...

Happy birthday AUD: how our Australian dollar was floated, 40 years ago this week

These days, we take for granted that the value of the Australian dollar fluctuates against other currencies, changing thousands of times a day and at times jumping or falling quite a lot in the space of a week. But for...

Nicola Willis warns of fiscal ‘snakes and snails’ – her first mini-budget will be a test of NZ’s no-surprises finance rules

New finance minister Nicola Willis has claimed she was blindsided by the state of the governments books. Days after stepping into the role, she said: The outgoing government has left us with some nasty surprises....

Politics

Argentina's Brexit: why new president Milei is threatening to pull out of South America's common market

Javier Milei, who was elected as Argentinas new president on November 19, has promised to withdraw from the South American common market, Mercosur. This decision could have significant economic and social repercussions...

Government's preventative detention for ex-detainees who pose serious risks set to pass this week

The government on Wednesday will introduce its legislation to enable preventative detention of former immigration detainees judged to pose a high risk of committing serious violent or sexual crimes. The legislation will...

Silencing Sarah Jama diminishes Canadian democracy

Sarah Jama, the MPP for Hamilton Centre, is suing the Ontario government and Legislative Assembly after being censured in the legislature by members of the Progressive Conservative government. On Oct. 23, the Ontario...

Alleged assassination plots in the U.S. and Canada signal a more assertive Indian foreign policy

A recent indictment from the United States Department of Justice has alleged an Indian security official was involved in attempting to assassinate a U.S. and Canadian citizen in New York. The alleged target, Gurpatwant...

Henry Kissinger was a global – and deeply flawed – foreign policy heavyweight

Declarations of the end of an era are made only in exceptional circumstances. Henry Kissingers death is one of them. Kissinger was born into a Jewish family in Germany, and fled to the US in 1938 after the Nazis seized...

Science

Could you move from your biological body to a computer? An expert explains ‘mind uploading’

Imagine brain scanning technology improves greatly in the coming decades, to the point that we can observe how each individual neuron talks to other neurons. Then, imagine we can record all this information to create a...

COP28 president is wrong – science clearly shows fossil fuels must go (and fast)

According to the president of COP28, the latest round of UN climate negotiations in the United Arab Emirates, there is no science indicating that phasing out fossil fuels is necessary to restrict global heating to...

Why isn't there any sound in space? An astronomer explains why in space no one can hear you scream

In space, no one can hear you scream. You may have heard this saying. Its the tagline from the famous 1979 science fiction movie Alien. Its a scary thought, but is it true? The simple answer is yes, no one can hear you...

Hyped and expensive, hydrogen has a place in Australia’s energy transition, but only with urgent government support

If you listen to the dreamers, hydrogen is the magical fuel of the future that can replace everything from the petrol in your car to the coal in a steelworks. Hype around hydrogen has been building in Australia since at...

Massive planet too big for its own sun pushes astronomers to rethink exoplanet formation

Imagine youre a farmer searching for eggs in the chicken coop but instead of a chicken egg, you find an ostrich egg, much larger than anything a chicken could lay. Thats a little how our team of astronomers felt when...

Technology

Alphabet Unveils Gemini AI, Rivaling ChatGPT with Enhanced Video, Audio, Text Processing

Alphabet launched its most advanced artificial intelligence model, Gemini, which can process various forms of information like video, audio, and text. This highly anticipated AI model demonstrates superior reasoning and...

Naver's CHZZK Targets Gaming Streaming Dominance, Twitch Exit Boosts Competition with YouTube, AfreecaTV

Naver Corp. launched its closed beta service for video streaming, CHZZK. With this, the company officially joined the game streaming scene in South Korea. Navers entrance into game streaming is perfect timing as the...

AMD Eyes $45 Billion AI Market, Targets $2B Sales in 2024

Advanced Micro Devices (AMD) has projected a significant expansion in the market for data center artificial intelligence (AI) processors, estimating the total addressable market at $45 billion for the current year. This...

Google Pixel 8 Pro Unveils First Android with On-Device AI, Gemini Nano

The Google Pixel 8 Pro will be the first Android smartphone powered by Googles next-generation AI model, Gemini. Gemini Nano, a variant of the product optimized for on-device use, such as smartphones, will now use...

WeMade to Set Up WEMIX Play Center in Dubai via Partnership with DIFC

Wemade Co., Ltd., a South Korean video game developer, secured a strategic partnership with the Dubai International Financial Centre Innovation Hub (DIFC). The company plans to build its WEMIX Play Center in Dubai with the...