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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.

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...

Vital Signs Series

The pros and cons of diversity in organisations

Apr 23, 2021 11:44 am UTC| Insights & Views Business

Breaking down the old boys club in business, government and other organisations is intrinsically important. Ensuring greater diversity in organisations on gender, racial, ethnic and other lines is, simply put, the right...

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Economy

Global Markets Rebound as Trump Eases Tariffs, TSX and Wall Street Surge

Canadas main stock index rebounded sharply Wednesday after U.S. President Donald Trumps unexpected tariff rollback eased fears of a global trade war. The Toronto Stock Exchanges SP/TSX Composite Index surged 1,220 points,...

Trump Pauses Tariffs Amid Market Turmoil, Keeps Pressure on China

In a dramatic shift, U.S. President Donald Trump announced a temporary pause on sweeping new tariffs targeting dozens of countries, calming financial markets after days of turmoil. The move came less than 24 hours after...

U.S. and Vietnam Begin Trade Talks After Tariff Pause

The United States and Vietnam have officially agreed to begin negotiations on a new trade agreement, the Vietnamese government announced Thursday. The development comes just hours after the U.S. temporarily halted the...

Asian Chip Stocks Surge as U.S. Suspends Tariffs, Eases Trade Tensions

Asian semiconductor stocks rallied on Thursday following U.S. President Donald Trumps announcement of a 90-day suspension of certain tariffs, offering relief amid ongoing trade tensions. The move reduced newly imposed...

Oil Prices Dip as China Inflation Weakens, Trade War Escalates

Oil prices declined in Asian trading Thursday following weak inflation data from China and rising tensions in the U.S.-China trade war. Brent crude futures for June delivery fell 1.1% to $64.79 per barrel, while West Texas...

Politics

Trump Opposes Nippon Steel’s $14B Bid for U.S. Steel, Deal Faces Uncertainty

U.S. President Donald Trump voiced strong opposition on Wednesday to Nippon Steels $14 billion acquisition of U.S. Steel, saying he doesnt want the American steel giant to go to Japan. His remarks conflict with recent...

Brazil Vows Reciprocal Tariffs Amid U.S. Trade Tensions, Emphasizes Negotiation First

Brazilian President Luiz Inacio Lula da Silva has pledged a reciprocal response to potential U.S. tariffs but emphasized that Brazil will prioritize diplomacy and dialogue before taking action. Speaking at the Community of...

Trump Signs Executive Order to Boost U.S. Shipbuilding and Counter China’s Maritime Dominance

U.S. President Donald Trump signed an executive order on April 9 aimed at revitalizing American shipbuilding and curbing Chinas growing control over the global shipping industry. The order proposes significant investments...

Trump Signs Executive Order to Cut Energy Regulations and Boost Production

U.S. President Donald Trump has signed a new executive order aimed at increasing domestic energy production by streamlining regulatory processes. The order, signed on April 9, 2025, seeks to automatically eliminate...

House Delays Vote on Trump Tax Plan Amid GOP Spending Clash

The Republican-led U.S. House of Representatives postponed a key vote on President Donald Trumps tax cut agenda due to internal GOP divisions over federal spending cuts. House Speaker Mike Johnson expressed hope for a...

Science

Kennedy Sets September Deadline to Uncover Autism Causes Amid Controversy

U.S. Health and Human Services Secretary Robert F. Kennedy Jr. announced a bold plan to identify the cause of autism by September 2025. Speaking at a cabinet meeting with President Donald Trump, Kennedy declared a global...

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...

Technology

Amazon Delays Kuiper Satellite Launch Due to Weather Conditions

Amazons planned launch of its first 27 Kuiper internet satellites was postponed on Wednesday due to unfavorable weather, according to the launch provider, United Launch Alliance (ULA). Project Kuiper, Amazons ambitious...

US Senators Question Microsoft and Google Over AI Cloud Partnerships

Two Democratic U.S. senators are pressing Microsoft (NASDAQ:MSFT) and Google (NASDAQ:GOOGL) for transparency over their cloud computing partnerships with leading artificial intelligence firms. Senators Elizabeth Warren of...

Telegram Fined $80K by Moscow Court for Extremist Content Refusal

A Moscow court has fined Telegram Messenger Inc. 7 million roubles (approximately $80,000) for refusing to remove content allegedly promoting extremist activities, according to Russian state news agency TASS. Court...

Samsung Posts Resilient Q1 Profit on Strong Chip and Smartphone Demand

Samsung Electronics reported a better-than-expected 0.2% drop in Q1 operating profit, reaching 6.6 trillion won ($4.49 billion), beating market forecasts of 5.1 trillion won. This resilience was driven by solid memory chip...

Meta Unveils Llama 4 Maverick and Scout, Boosts AI Ambitions

Meta Platforms (NASDAQ:META) has unveiled its latest AI modelsLlama 4 Maverick and Llama 4 Scoutcalling them its most advanced large language models (LLMs) to date. Designed as multimodal AI systems, they can process and...