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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.

Swaps, options and other derivatives aren't just for the financial elite

Apr 04, 2021 09:36 am UTC| Economy Investing

One of the biggest trends in economics over the past 40 years has been so-called financialisation whereby an increasing proportion of GDP in advanced economies comes from the financial sector. This has involved the...

What if Biden's $1.9 trillion stimulus plan is too big?

Feb 12, 2021 07:55 am UTC| Politics Economy

Its not often centre-left economists disagree with each other let alone get into a stoush. But its what happened over the last week. On February 5 former US Treasury Secretary and National Economic Council Chair Larry...

Biden's economic centrism isn't exciting, but right for these divisive times

Jan 22, 2021 07:33 am UTC| Economy

In an age of hyperpartisan politics, the Biden presidency offers a welcome centrism that might help bridge the divides. But it is also Bidens economic centrism that offers a chance to cut through what has become an...

Sure, the US election is gerrymandered, but so are others, and its hard to stop

Nov 08, 2020 11:07 am UTC| Insights & Views

At the time of writing we dont yet know who will win the US presidential election. But we do know this for sure: Donald Trump will be able to win with less than half the votes cast. Put another way, Joe Biden will be...

We'll never cut unemployment to 0%, but less than 4% should be our goal

Oct 30, 2020 07:51 am UTC| Economy

One of the most concerning things that happens in any recession is the spike in unemployment. The COVID-19-induced recession in Australia and around the world is no exception other than perhaps the magnitudes...

50 years ago Milton Friedman told us greed was good. He was half right

Sep 20, 2020 05:57 am UTC| Economy

The point is, ladies and gentleman, that greed for lack of a better word is good. Greed is right. Greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its...

This university funding crisis was always coming – COVID-19 just accelerated it

Aug 14, 2020 15:18 pm UTC| Insights & Views

In the early 1930s a 21-year-old undergraduate at the London School of Economics asked a great question during his summer research project: if my economics professors are right that markets are an efficient way to allocate...

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Economy

Trade War Escalates: China Strikes Back

In April 2025, the U.S.-China trade war leaped exponentially when China slapped a 34% tariff on everything America exports in retaliation against President Trumps tariffs. The retaliatory tariff is the exact thing the...

Mexico Gains Preferential Tariff Treatment from U.S. Amid Trade Talks

Mexicos measured response to U.S. tariff threats under President Donald Trump has paid off with preferential treatment and stronger ties with Washingtons trade team, according to Deputy Economy Secretary Luis Rosendo...

Singapore Criticizes U.S. Tariffs Despite Free-Trade Deal

Singapore has expressed disappointment over the United States decision to impose a 10% tariff on its exports, despite a long-standing free-trade agreement (FTA) and a U.S. trade surplus. Trade and Industry Minister Gan Kim...

BOJ Signals Possible Rate Hikes Amid U.S. Tariff Concerns

Bank of Japan (BOJ) Deputy Governor Shinichi Uchida stated on Friday that the central bank may raise interest rates further if theres a stronger chance of reaching its 2% inflation target. His comments come amid rising...

Trump’s Tariffs Shake Emerging Markets, Trigger Currency Slides and Credit Risks

Emerging markets are under pressure as U.S. President Donald Trumps new tariffssome reaching 50%push levies to century-high levels, sparking fears of a global trade war and worsening credit outlooks. The move hits Asia and...

Politics

Trump Defends Marine Le Pen After EU Funds Conviction, Slams French Court Ruling

U.S. President Donald Trump has voiced support for French far-right leader Marine Le Pen following her recent conviction by a Paris court for embezzling European Union funds. The court ruling, which also targeted 24 others...

Myanmar Junta Leader Attends BIMSTEC Summit Amid Earthquake Crisis

Myanmars junta leader Min Aung Hlaing made a rare international appearance at the BIMSTEC summit in Bangkok, just one week after a devastating 7.7 magnitude earthquake struck the country. The powerful quakeMyanmars...

NSA Director Timothy Haugh Fired Amid Leadership Shake-Up

U.S. National Security Agency (NSA) Director and U.S. Cyber Command chief General Timothy Haugh was dismissed on Thursday, according to the Washington Post, citing two current and one former U.S. official. Deputy NSA...

Senate Confirms Harmeet Dhillon to Lead DOJ Civil Rights Division

The U.S. Senate, led by Republicans, confirmed conservative attorney Harmeet Dhillon as the new head of the Justice Departments Civil Rights Division in a 52-45 vote. Only one Republican, Senator Lisa Murkowski of Alaska,...

South Korea’s Yoon Suk Yeol Removed from Presidency Over Martial Law Scandal

Former South Korean President Yoon Suk Yeol has been ousted after the Constitutional Court upheld his impeachment for unlawfully declaring martial law. The 64-year-old ex-prosecutor, known for his hardline stance and...

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

Nintendo Switch 2 Launches June 5 at $449.99 with Major Upgrades

Nintendo (NYSE:SWCH) has officially announced the launch of its next-generation gaming console, the Switch 2, set for release on June 5. Priced at $449.99 in the U.S., the highly anticipated device features significant...

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...