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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

EU Ready to Hit Back if U.S. Imposes New Trade Tariffs, Says von der Leyen

The European Union is prepared to take decisive countermeasures if the United States imposes new trade tariffs, European Commission President Ursula von der Leyen warned on Tuesday. Speaking at the European Parliament in...

RBA Holds Rates at 4.1%, Signals Cautious Path Amid Inflation Risks

The Reserve Bank of Australia (RBA) held its benchmark interest rate steady at 4.1% on Tuesday, aligning with market expectations. The decision comes after a 25 basis point rate cut in February and ahead of the upcoming...

Asian Stocks Rebound as Markets Brace for U.S. Tariffs and RBA Holds Rates

Asian stock markets rebounded on Tuesday, mirroring overnight gains on Wall Street, as investors turned cautiously optimistic ahead of looming U.S. trade tariffs. U.S. indices ended higher on Monday, though futures dipped...

Gold Hits Record High Amid Tariff Tensions and Inflation Fears

Gold prices surged to a record high on Tuesday as investor concerns over U.S. President Donald Trumps upcoming reciprocal tariffs fueled fears of rising inflation and slowing economic growth. Spot gold climbed 0.6% to...

South Korea's March Exports Rise Amid Trade War Concerns

South Koreas exports rose for a second consecutive month in March, signaling resilience but also revealing cracks amid growing global trade tensions. According to government data, outbound shipments reached $58.24 billion,...

Politics

U.S. Imposes Visa Restrictions on Chinese Officials Over Tibet Access

The United States has imposed new visa restrictions on Chinese officials over limited access to Tibet for American diplomats, journalists, and international observers, Secretary of State Marco Rubio announced Monday. Rubio...

China Criticizes U.S. Tariffs as Harmful to Global Trade and U.S. Reputation

Chinese Foreign Minister Wang Yi strongly criticized the United States decision to increase tariffs on Chinese goods, calling the move baseless and harmful to global trade. In an interview with Russias RIA state news...

Democrats Sue Trump Over Executive Order on Voting System

The Democratic National Committee (DNC) filed a lawsuit Monday against President Donald Trumps recent executive order that overhauls the U.S. election system. Filed in federal court in Washington, D.C., the lawsuit argues...

South Korea’s Constitutional Court to Rule on President Yoon’s Impeachment April 4

South Koreas Constitutional Court will announce its ruling on President Yoon Suk Yeols impeachment on April 4 at 11 a.m. KST (0200 GMT), with the session to be broadcast live. Yoon was impeached by parliament on December...

Japan Urges U.S. to Exempt Auto Tariffs Amid Economic Concerns

Japanese Prime Minister Shigeru Ishiba reaffirmed Japans strong push for the United States to exempt the country from new auto tariffs, warning of serious economic consequences. Speaking at a press conference in Tokyo on...

Science

AstraZeneca’s Imfinzi Gets US Approval for Bladder Cancer Treatment

AstraZenecas drug Imfinzi (NASDAQ: AZN) has received U.S. approval to treat adult patients with muscle-invasive bladder cancer, a significant advancement in cancer therapy. The approval allows Imfinzi to be used in...

Sanofi’s New Hemophilia Drug Qfitlia Gains FDA Approval with Breakthrough Bimonthly Dosing

The U.S. Food and Drug Administration (FDA) has approved Qfitlia, a groundbreaking hemophilia treatment by French pharmaceutical giant Sanofi (NASDAQ: SNY). Designed for patients aged 12 and older with hemophilia A or B,...

FDA Vaccine Chief Peter Marks Resigns Amid Controversy Over Transparency

Peter Marks, the U.S. Food and Drug Administrations (FDA) top vaccine official, has resigned after reportedly being forced out by the Department of Health and Human Services (HHS), according to The Wall Street Journal....

What are the chances an asteroid will impact Earth in 2032?

For a few days in mid-February, headlines around the world buzzed about the potential for an asteroid to hit the Earth in 2032 specifically, asteroid 2024 YR4. The chance of this impact rose to a high of 3.1 per cent on...

A new study reveals the structure of violent winds 1,300 light years away

The planet WASP-121b is extreme. Its a gas giant almost twice as big as Jupiter orbiting extremely close to its star50 times closer than the Earth does around the Sun. WASP-121b is so close to its star that tidal forces...

Technology

ReliaQuest Secures $500M to Boost AI Cybersecurity, Hits $3.4B Valuation

ReliaQuest, a leading AI-powered cybersecurity company, has raised over $500 million in a new funding round led by EQT, KKR, and FTV Capital, pushing its valuation to $3.4 billion. Other backers in this round include Ten...

GlobalFoundries and UMC Explore Merger Amid U.S. Chip Strategy Shift

United Microelectronics Corp. (UMC), a major Taiwanese semiconductor foundry, and U.S.-based GlobalFoundries (NASDAQ: GFS) are reportedly in early talks about a potential merger, according to sources cited by Reuters. If...

Intel CEO Lip-Bu Tan Outlines Bold Turnaround Strategy at IntelVision 2025

At the IntelVision 2025 conference, new Intel (NASDAQ: INTC) CEO Lip-Bu Tan unveiled a transformative vision to revitalize the tech giant. Since taking the helm on March 12, Tan has prioritized customer engagement and...

OpenAI Secures $40B from SoftBank, Reaches $300B Valuation Amid AI Boom

OpenAI announced Monday it has raised $40 billion in a funding round led by Japans SoftBank Group Corp. (TYO:9984), pushing the AI firms valuation to a staggering $300 billion. This marks a major leap from its $157 billion...

Apple and Elon Musk Clash Over Satellite Connectivity as Starlink Faces New Rival

Apple Inc. (NASDAQ: AAPL) is facing pushback from Elon Musk over its expanding satellite connectivity plans, potentially positioning the tech giant as a direct competitor to Musks Starlink network, according to the Wall...