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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.

The best way to boost the economy is the best way to improve the lives of disadvantaged students

Oct 29, 2018 19:41 pm UTC| Insights & Views Economy

What if we had an opportunity to double the size of the tourism industry, or to quadruple the size of the beef industry, or to boost the economy by more than any of the presently proposed tax switches? What if we could...

Vital Signs: Australia's 5% jobless rate is not full employment; pushing up interest rates would be wrong

Oct 28, 2018 13:14 pm UTC| Insights & Views Economy

According to ABS figures released last week, the unemployment rate in Australia has fallen to 5%. This isnt as low as the 3.7% level in the United States, but by historical standards it is low for us. We need to go back...

The housing market might deflate, but it might pop. Here's how

Oct 20, 2018 06:05 am UTC| Insights & Views Real Estate

There are two things that can happen to an asset price bubble. It can burst dramatically, or deflate slowly. Which brings us to the Australian housing market. Prices in Sydney and Melbourne continue to decline at a...

For all its worth, the banking royal commission could hurt a generation of battlers

Sep 28, 2018 08:06 am UTC| Insights & Views Economy

The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry is set to deliver its interim report no later than September 30. There have already been plenty of consequences for...

The GFC and me. Ten years on, what have we learned?

Sep 24, 2018 07:55 am UTC| Insights & Views Economy

A little more than a decade on from the the collapse of Lehman Brothers, the largest bankruptcy in history, many of the worlds advanced economies are only now beginning to recover fully. I was on the faculty at the...

Central Banking Series

When cutting interest rates might not help

Sep 13, 2018 21:56 pm UTC| Insights & Views Economy Central Banks

Theres a meme around official interest rates since the financial crisis, and it goes like this. Central banks have already cut them to nearly zero (or actually zero) but advanced economies are still languishing. Therefore...

National accounts show past performance no guarantee of future results

Sep 09, 2018 20:43 pm UTC| Insights & Views Politics

Wednesdays GDP figures were good. Growth was up 0.9% in the June quarter and 3.4% over the past 12 months. As they say in baseball: You cant boo a home run. But you can ask how likely the batter is to do it next time....

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Economy

However, overall exports dipped 1.4 percent in the first quarter.

South Koreas exports of eight new-industry goods in the first-quarter jumped 17 percent from the previous year to $21 billion despite a drop in overall exports. The goods include aviation products and drones, biohealth...

The rise in inequality is attributed to the shrinking wages of low-income households, and a cut down in temporary positions

The income disparity between the top 20 percent and bottom 20 percent of households widened with many of the countrys low-paying jobs being slashed due to the COVID-19 pandemic. The average monthly income of households...

The Senators urged the US to counter such predatory economic behavior urgently.

Seven US senators have urged Treasury Secretary Steven Mnuchin to prevent Chinese companies from buying strategic US assets that have been devalued by the coronavirus pandemic. The lawmakers said in a letter to Mnuchin...

The steel industry has been hit hard by the pandemic with exports plunging 24.1 percent

South Korea will cushion the steel industrys fallout caused by weak demand by fast-tracking infrastructure projects and spending over 400 billion won on research and development. According to Industry Minister Sung...

G-20 members agreed to "facilitate the resumption of essential cross-border travel"

South Korea has adopted an action plan with other members of the Group of 20 to maintain the global supply chains and refraining from implementing new trade barriers. During a virtual meeting attended by South Korean...

Politics

Ivanka Trump criticized for ‘insensitive’ on comment Indian teenager who carried her father for 1,200 km on a bicycle

President Donald Trumps daughter and senior White House adviser Ivanka Trump praised a 15-year-old Indian girls journey of more than a thousand kilometers while carrying her father at the back of her bicycle to seek...

Donald Trump calls Jeff Sessions ‘slime’ in their weekend Twitter battle

Donald Trump attacked his former attorney general Jeff Sessions on social media expressing his anger at the latters recusal from the Russian probe. However, Sessions fought back, not only defending his decision to recuse...

Joe Biden says Donald Trump’s ‘slowness’ in handling the coronavirus is costing lives and jobs

Former Vice President Joe Biden criticized President Donald Trumps as slow and inadequate. In a recent interview, Biden blames the current administrations inadequate handling of the crisis as the reason why it might take...

Donald Trump says houses of worship ‘essential’ as CDC issues guidelines for their reopening

President Donald Trump wants states to reopen religious institutions for services. On Friday, the POTUS announced that houses of worship are essential and are calling to on governors to allow them to reopen for...

Michigan Attorney General tells President Donald Trump not to revisit the state if he refuses to wear a face mask

In light of the pandemic that continues to claim more and more lives in the United States, many Americans remain keen on continuing the practice of social distancing including the use of face masks. Michigans attorney...

Science

Aztec temple discovered by workers in 1978 changed Mexican history

Even in history, there are findings that can change how a person views the past or what could have happened in the past. The same could be said for many Mexicans, following a discovery back in 1978 that changed their...

Secret underground rooms found under Western wall in Jerusalem

Discoveries made in Israel usually tend to provide a glimpse back into what may have happened thousands of years ago. A group of archaeologists in Israel discovered secret rooms hidden underneath the western wall in...

NASA: Scientists find mysterious red lines on Jupiter's moon Europa

NASA has set its sights on one of Jupiters moons, Europa, alongside the moon and Mars. The agencys scientists found some unusual red lines on the icy moon, which could suggest that life may be able to exist on the gas...

Scientists discover hidden text on a fragment of Dead Sea scrolls

The Dead Sea Scrolls have shed some light on some of the worlds religions and have given archaeologists a glimpse of the past. Recently, a group of researchers made a surprising discovery on one supposedly blank fragment...

High-energy particles found in Antarctica may be proof of a parallel universe, says scientists

For the most part, the concept of having an alternate universe only exists in the realm of pop culture. However, as scientists have explored this possibility, a group of researchers has said that the high-energy particles...

Technology

The Elder Scrolls 6: Reason why fans shouldn’t expect to get their hands on the game anytime soon

Fans of the franchise have been waiting for The Elder Scrolls 6 for years. While Bethesda already assured that it is in the works, gamers arent likely to get their hands on the title soon. The Elder Scrolls 6 is in the...

‘PUBG Mobile’ is very likely to get a new map in next patch

After the release of the PUBG Mobile v0.18.0 patch notes, Tencents plan of overhauling classic maps became more evident. It now appears that the developers have another major update brewing that could, once again, feature...

GoPro surprises fans with the launch of Zeus Mini flashlight

While avid fans of GoPro are wondering when they might hear about the next action camera from the company, it surprised everyone with the sudden launch of the Zeus Mini clip light. It is the newest product to be added to...

Nintendo Switch: Easy way to find an available console without stepping outside

Most people may not have expected it, but Nintendo Switch became one of the in-demand products as most placed went into community quarantines and lockdowns amid the COVID-19 pandemic. This issue got a little out of hand,...

Poco M2 Pro appears in WiFi, Bluetooth documents but it could just be another Redmi rebrand

Xiaomis sub-brand Poco was silent throughout 2019, but that seems to change this year as a third smartphone could be released under this label. A device suspected could be released as Poco M2 Pro appeared in several device...