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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.

Australia's sudden ultra-low economic growth ought not to have come as surprise

Mar 09, 2019 06:09 am UTC| Insights & Views

Australias big little economic lie was laid bare on Wednesday. National accounts figures show that the Australian economy grew by just 0.2% in the last quarter of 2018. This disappointing result was below market...

Vital Signs. Do deficits matter any more?

Mar 01, 2019 13:46 pm UTC| Insights & Views Economy

It seems that whoever wins the White House in 2020, the US federal deficit will blow up. President Donald Trump has already signed into law massive tax cuts that are estimated to expand the deficit by at least US$1.5...

Now is the time to plan how to fight the next recession

Feb 26, 2019 14:43 pm UTC| Insights & Views Economy

This is part of a major series called Advancing Australia, in which leading academics examine the key issues facing Australia in the lead-up to the 2019 federal election and beyond. Read the other pieces in the series...

If needed, this man can and will cut rates during the election campaign

Feb 08, 2019 11:52 am UTC| Insights & Views Politics

It was a great story. Philip Lowe had taken over as Reserve Bank governor after 25 years of uninterrupted economic growth. The Australian economy was transitioning nicely away from the countrys biggest-ever mining boom....

Vital Signs: the power of not being too clear

Jan 19, 2019 09:03 am UTC| Insights & Views Business

Incentives, in one form or other, are central to our lives. The Soviet experiment ended in December 1991 because it turned out that when people got paid the same whether they worked hard or slacked off, most people...

Vital Signs: No, Joe, America should not be copying Australia's 'asset recycling' misdirection

Dec 15, 2018 17:34 pm UTC| Insights & Views Economy

Anyone who has been to La Guardia airport in New York can attest the dire need in the United States for infrastructure spending. Its not just crumbling bridges, pot-holed roads and lousy airports that provide the...

Vital Signs: 35 extraordinary years. What the float of Australian dollar bought us

Dec 08, 2018 17:32 pm UTC| Insights & Views Economy

If a week is a long time in politics, then 35 years must be an eternity. 35 years ago, on Monday December 12, 1983, the Hawke-Keating government announced the Australian dollar would be floated. That is, the prices...

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Economy

U.S. retail sales growth slows down slightly in July

U.S. retail sales growth decelerated in July. Sales grew 1.2 percent, slowing down from the 8.4 percent growth in June. Consensus expectations were for a growth of 1.9 percent. The volatile categories recorded mixed...

FxWirePro: Sterling Looks Weaker On Gloomy Economic & Geopolitical Surface – Deploy ‘Debit Call Spreads’ To Hedge

The Corona crisis has hit the British economy comparatively hard. In addition, Brexit risks remain high, which is why we assume that the pound will continue to remain weak against the euro. Given that the UK and EU...

Macau begins bringing back gamblers from China

Macau has started reissuing tourist visas to bring gamblers back and keep casino operators from losing $15 million daily in expenses. The coronavirus lockdowns brought a severe downturn to the number of Macaus visitors...

US to label goods from Hong Kong as 'Made in China'

Good entering the US from Hong Kong after Sept. 25 will be labeled as Made in China, according to a notice in the US Federal Register. There are limited direct exports from Hong Kong, with most of the citys shipments to...

UK suffers 20.4% economic slump in Q2

The UK economy suffered its worst slump on record in the second quarter with a 20.4 percent plunge, the biggest of any major global economy. The slump, preceded by a 2.2 percent contraction in the first quarter, sent...

Politics

World War 3: Expert reveals how Russia probed US reaction to border conflict with China

Some of the political tensions between countries lie in the border between two conflicting nations, and in this case, it was Russia and China. Should tensions like these escalate further, then a possible World War 3 could...

Donald Trump: POTUS says UAE and Israel will establish full normalized relations in new peace deal

There has been an ongoing conflict between Israel and Palestine surrounding the West Bank with the two sides, with Israel seeking to annex the West Bank. This week, Donald Trump announced the peace deal between Israel and...

Barack Obama: Donald Trump says he would not ask Ex-POTUS to resign if his administration handled COVID-19

Former President Barack Obama, like Donald Trump, also tackled a public health crisis during his eight years as commander-in-chief. On a rare occasion, Trump recently seemed to suggest that he would not ask for his...

Melania Trump: FLOTUS may be delivering her RNC convention speech from White House Rose Garden

Donald Trump will be formally accepting the Republican party nomination as he faces reelection against former vice president Joe Biden. First lady Melania Trump is also set to address the party, and her speech may be...

Michelle Obama talks about menopause and aging in new podcast episode

The latest episode of former first lady Michelle Obamas podcast was centered on womens health specifically what happens over time. Sitting down with OB-GYN Dr. Sharon Malone, Michelle opened up about her experience of...

Science

NASA: Agency releases photos of Mars' multicolored moon Phobos orbiting Red Planet

The universe never fails to amaze space enthusiasts and astronomers alike with the many stars, asteroids, planets, and moons that have strangely beautiful characteristics. NASA has recently released photos of one of those...

COVID-19: Blood test could reveal how fatal coronavirus is to a patient

Since the breakout in December 2019, the coronavirus pandemic also known as COVID-19 continues to terrorize the world to this day. Scientists are increasing efforts to study and develop a possible cure, but researchers...

NASA releases image of a pink gas giant exoplanet 57 lightyears away from Earth

In the universe, the planets in our Solar System are only a fraction of the number of planets that are out there orbiting their respective stars and star systems. Some of those exoplanets are strangely amazing, and NASA...

Climate change: Arctic region may be completely thawed out by 2035, researchers claim

Alongside the COVID-19 pandemic is the fight against climate change, which is now occurring at an accelerated rate in some parts of the worlds polar regions. Unfortunately, researchers have predicted a grim outcome of the...

Asteroids: NASA reveals potentially hazardous asteroid 2011 ES4 to pass by closer than the Moon

Space agencies such as NASA are constantly on the lookout for asteroids that would wander into the Earths orbit. With the news of one particularly hazardous asteroid making its way Earthbound, NASA revealed when it will be...

Technology

PlayStation 5: Pre-order will be available and here are the shops to visit

PlayStation 5 is expected to be out in the market before the year ends. Sony is planning to release two types of gaming systems and they are the regular units and the digital version. The digital will not have a disc...

Xbox Series X leaks suggest early November launch

With only a few months left before the next-generation console war happens, the gaming community can expect more leaks to surface online. Recently, various sources have pointed to a very likely chance for Xbox Series X to...

‘BioShock 4’ job offerings hint at the introduction of ‘new world’ setting

More details about the anticipated BioShock 4 have come to light recently from one of the most common sources of information within the gaming community. The games developer has several active job listings that also hint...

Pixel 5: Google’s next premium smartphone won’t feature a premium processor?

The latest entry to Qualcomms Snapdragon 8 series has usually been the processing chip expected to power every smartphone makers top-tier flagship device. While Pixel 5 is billed as Googles next premium smartphone...

AirPods 3 could be a cyclist-friendly wearable audio device in 2021

It might take a while before Apple launches the AirPods 3 but that would be worth it, especially for cyclists. A newly granted Apple patent suggests a safety-oriented feature could be added in the next-generation truly...