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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

Smart robots to revitalize Japan's economy, competitiveness: Softbank CEO

Smart robots can revitalize Japans economy and competitiveness, insists Softbank Group CEO Masayoshi Son, as their much-hyped robot dubbed Pepper, prepares to bow out. According to Son, their Vision Fund is...

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 with natural disaster monitoring capability by 2025. Drones that reach the...

Hyundai Motor to reuse spent-up EV batteries as energy storage systems in Texas

Hyundai Motor Group has collaborated with Texas-based groups CPS Energy and OCI Solar Power to test whether spent-up electric vehicle batteries could be reused as energy storage systems. ESS stores leftover electricity...

S. Korea to invest 2.6 trillion won in hyperconnectivity

South Korea will invest 2.6 trillion won in hyperconnectivity and related technologies for newly emerging services by 2025. The Ministry of Science and ICT identified the emerging services as metaverse, blockchain, and...

Countless chicken meat buyers eligible to share in $181 million price-fixing settlement

A $181 million class-action lawsuit price-fixing settlement allows anyone who purchased chicken from a grocery store in the last decade-plus to be eligible to collect. Law firms Hagens Berman Sobol Shapiro and Cohen...

Politics

Capitol riots: Federal judge rejects insurrectionist's request to move case out of DC

Hundreds of people have already been arrested and detained for their participation in the January 6 Capitol insurrection. Many are now being tried for their involvement, and a federal judge has rejected a request by an...

Joe Biden says extreme weather will cost US over $100 billion this year

One of the issues that US President Joe Biden plans on tackling during his presidency is that of climate change. During his visit to Colorado, Biden said that the extreme weather would cost the country billions this...

Joe Biden to urge world leaders to vaccinate 70 percent of the world by 2022

With the rising cases of the Delta variant of COVID-19 all over the world, US President Joe Biden is looking to curb the pandemic once and for all. In the upcoming summit next week with world leaders, Biden is set to get...

Nancy Pelosi reportedly told Gen. Mark Milley that Donald Trump should have been arrested for inciting the insurrection

Among the lawmakers who were being targeted by the pro-Trump mob that stormed the Capitol last January 6 was Democratic House Speaker Nancy Pelosi. A new book recently claimed that Pelosi spoke with a top general, saying...

Science

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...

From CRISPR to glowing proteins to optogenetics – scientists' most powerful technologies have been borrowed from nature

Watson and Crick, Schrdinger and Einstein all made theoretical breakthroughs that have changed the worlds understanding of science. Today big, game-changing ideas are less common. New and improved techniques are the...

234 scientists read 14,000+ research papers to write the upcoming IPCC climate report – here's what you need to know and why it's a big deal

This week, hundreds of scientists from around the world are finalizing a report that assesses the state of the global climate. Its a big deal. The report is used by governments and industries everywhere to understand the...

Insulin was discovered 100 years ago – but it took a lot more than one scientific breakthrough to get a diabetes treatment to patients

Diabetes was a fatal disease before insulin was discovered on July 27, 1921. A century ago, people diagnosed with this metabolic disorder usually survived only a few years. Physicians had no way to treat their diabetic...

Technology

GeForce Now leak did not confirm ‘Halo 5’ PC port, 343 Industries says

Aside from a couple of AAA games getting delayed, the gaming world was rocked this week with the massive GeForce Now datamine. Many gamers have assumed that most games mentioned in the leak are in the pipeline. However,...

MacBook Pro could feature 90Hz OLED panels from Samsung Display in 2022

Apple fans are still waiting for the announcement of the MacBook Pro refresh this year, but they might already have a few details to know about the laptops to come next year. Samsung Display confirmed Thursday that the...

Apple Watch Series 7 full specs appear in an alleged internal document

The Apple Watch Series 7 ended up being one of the most intriguing products from the tech giants launch event last Tuesday. It was not surprising that the company did not announce details about the watchs release, but it...

Xiaomi 11T Pro exclusively features 120W HyperCharge

The Xiaomi 11T series has been launched and the high-end Pro model unsurprisingly got the best features in the lineup. Aside from powerful cameras, it is also the only Xiaomi flagship this year to ship with the companys...
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