Richard Holden
@profholden.bsky.social
UNSW Scientia Professor of Economics. Director, Manos Institute for Cognitive Economics. AFR columnist. President Emeritus ASSA. richardholden.org
My latest Economics Explained column in the Australian Financial Review points out that company taxes fall mainly on households. That they hit young, low-skilled, and female workers the hardest. And that they made the income tax schedule 40% less progressive.
October 31, 2025 at 7:29 AM
My latest Economics Explained column in the Australian Financial Review points out that company taxes fall mainly on households. That they hit young, low-skilled, and female workers the hardest. And that they made the income tax schedule 40% less progressive.
Reposted by Richard Holden
King Charles strips Andrew of prince title and ejects him from mansion ft.trib.al/041LNsQ
King Charles strips Andrew of prince title and ejects him from mansion
Royal subject to ‘censures deemed necessary’ in sharp change of tone by Buckingham Palace
ft.trib.al
October 30, 2025 at 8:46 PM
King Charles strips Andrew of prince title and ejects him from mansion ft.trib.al/041LNsQ
Reposted by Richard Holden
🚨 WE @unswecon.bsky.social ARE HIRING! 🚨
JMC: apply and email/DM for any question!
A short 🧵 on @unswecon.bsky.social and why you want to apply and join us in Sydney👇
econjobmarket.org/positionGrou...
JMC: apply and email/DM for any question!
A short 🧵 on @unswecon.bsky.social and why you want to apply and join us in Sydney👇
econjobmarket.org/positionGrou...
EJM - Econ Job Market
econjobmarket.org
October 14, 2025 at 10:33 PM
🚨 WE @unswecon.bsky.social ARE HIRING! 🚨
JMC: apply and email/DM for any question!
A short 🧵 on @unswecon.bsky.social and why you want to apply and join us in Sydney👇
econjobmarket.org/positionGrou...
JMC: apply and email/DM for any question!
A short 🧵 on @unswecon.bsky.social and why you want to apply and join us in Sydney👇
econjobmarket.org/positionGrou...
Reposted by Richard Holden
Just here to say:
Pr(Engage in Violence | Very Online) \ne Pr(Very Online | Engage in Violence)
This is a bi-partisan error.
You may now return to yelling at one another.
Pr(Engage in Violence | Very Online) \ne Pr(Very Online | Engage in Violence)
This is a bi-partisan error.
You may now return to yelling at one another.
September 15, 2025 at 10:18 PM
Just here to say:
Pr(Engage in Violence | Very Online) \ne Pr(Very Online | Engage in Violence)
This is a bi-partisan error.
You may now return to yelling at one another.
Pr(Engage in Violence | Very Online) \ne Pr(Very Online | Engage in Violence)
This is a bi-partisan error.
You may now return to yelling at one another.
Reposted by Richard Holden
This will be awesome. Any JHU undergrads and AEI Collegiate Network students interested in economics and politics (and football!) should check it out…
Looking forward to teaching this next summer with @filipecampante.bsky.social
September 14, 2025 at 11:36 PM
This will be awesome. Any JHU undergrads and AEI Collegiate Network students interested in economics and politics (and football!) should check it out…
Oh dear. A “foreign policy for the middle class” was a dreadful idea. “A monetary policy for the middle class” is even worse. And, btw, price stability and preventing financial crises is great for the middle class. www.nytimes.com/2025/09/14/o... via @NYTOpinion
Opinion | Don’t Just Defend the Fed. Reinvent It.
www.nytimes.com
September 14, 2025 at 11:24 PM
Oh dear. A “foreign policy for the middle class” was a dreadful idea. “A monetary policy for the middle class” is even worse. And, btw, price stability and preventing financial crises is great for the middle class. www.nytimes.com/2025/09/14/o... via @NYTOpinion
Reposted by Richard Holden
AI start-up Anthropic settles landmark copyright suit for $1.5bn on.ft.com/427Vjdm
AI start-up Anthropic settles landmark copyright suit for $1.5bn
Case will compensate authors but could raise costs of training large language models
on.ft.com
September 5, 2025 at 8:55 PM
AI start-up Anthropic settles landmark copyright suit for $1.5bn on.ft.com/427Vjdm
I'm advertising for 2 full-time pre-docs at the Manos Institute for Cognitive Economics at UNSW. If you've got a strong honors degree in economics or computer science check us out at cognitiveeconomics.com. external-careers.jobs.unsw.edu.au/cw/en/job/5346…. @cognitiveeconomics.bsky.social
September 4, 2025 at 1:08 AM
I'm advertising for 2 full-time pre-docs at the Manos Institute for Cognitive Economics at UNSW. If you've got a strong honors degree in economics or computer science check us out at cognitiveeconomics.com. external-careers.jobs.unsw.edu.au/cw/en/job/5346…. @cognitiveeconomics.bsky.social
The GOAT Eliud Kipchoge and today’s winner of the Sydney marathon, Hailemaryam Kiros, in action on a perfect “winter” day in Centennial Park. A great race in the world’s best city.
August 30, 2025 at 11:27 PM
The GOAT Eliud Kipchoge and today’s winner of the Sydney marathon, Hailemaryam Kiros, in action on a perfect “winter” day in Centennial Park. A great race in the world’s best city.
Reposted by Richard Holden
Today’s econ seminar featured Ruben Durante presenting amazing work on the effect of GenAI on demand for news (joint with @filipecampante.bsky.social and @ananyasen.bsky.social)
August 29, 2025 at 1:42 AM
Today’s econ seminar featured Ruben Durante presenting amazing work on the effect of GenAI on demand for news (joint with @filipecampante.bsky.social and @ananyasen.bsky.social)
My latest Economics Explained column is about debt. That has to start with Modigliani-Miller...
"I like to think of it as the Yogi Berra theorem. The American baseball legend once quipped:'You better cut the pizza in four pieces because I’m not hungry enough to eat six.'"
www.afr.com/policy/econo...
"I like to think of it as the Yogi Berra theorem. The American baseball legend once quipped:'You better cut the pizza in four pieces because I’m not hungry enough to eat six.'"
www.afr.com/policy/econo...
How I learnt to relax about corporate debt
A recent proposal from the Productivity Commission raises a question – should we fear how much companies owe in the way we worry about government deficits?
www.afr.com
August 27, 2025 at 8:14 PM
My latest Economics Explained column is about debt. That has to start with Modigliani-Miller...
"I like to think of it as the Yogi Berra theorem. The American baseball legend once quipped:'You better cut the pizza in four pieces because I’m not hungry enough to eat six.'"
www.afr.com/policy/econo...
"I like to think of it as the Yogi Berra theorem. The American baseball legend once quipped:'You better cut the pizza in four pieces because I’m not hungry enough to eat six.'"
www.afr.com/policy/econo...
My latest AFR column. We need: “To rely on youth–not a time of life but a state of mind, a temper of the will, a quality of imagination, a predominance of courage over timidity, of the appetite for adventure over the love of ease.” Are you up for that PM? www.afr.com/policy/econo...
What Chalmers should do this week to go ‘full abundance agenda’
The treasurer’s “slowly, slowly catches the monkey” stuff is not going to solve the profound productivity and standard-of-living problems Australia faces.
www.afr.com
August 24, 2025 at 1:48 AM
My latest AFR column. We need: “To rely on youth–not a time of life but a state of mind, a temper of the will, a quality of imagination, a predominance of courage over timidity, of the appetite for adventure over the love of ease.” Are you up for that PM? www.afr.com/policy/econo...
A couple of weeks ago we launched the Manos Institute for Cognitive Economics here @UNSW. I'm proud to serve as Director. Our mission is to understand the limits of human computational capacity and the individual reasoning process. Check out what we’re doing at cognitiveeconomics.com
August 21, 2025 at 11:22 PM
A couple of weeks ago we launched the Manos Institute for Cognitive Economics here @UNSW. I'm proud to serve as Director. Our mission is to understand the limits of human computational capacity and the individual reasoning process. Check out what we’re doing at cognitiveeconomics.com
Reposted by Richard Holden
UK inflation accelerates to 3.8% in July on.ft.com/45ZqMAE
UK inflation accelerates to 3.8% in July
BoE is seeking reassurance that recent resurgence in price growth is temporary
on.ft.com
August 20, 2025 at 6:03 AM
UK inflation accelerates to 3.8% in July on.ft.com/45ZqMAE
My take on the opening to this week’s economic summit in AFR. www.afr.com/policy/econo...
Cone of silence at roundtable could be good or bad thing
Done right the summit will be a worthy legacy for Albanese. And it would make Chalmers a genuinely “reforming treasurer”.
www.afr.com
August 19, 2025 at 1:39 AM
My take on the opening to this week’s economic summit in AFR. www.afr.com/policy/econo...
My latest Economics Explained column in the Australian Financial Review is about government debt.
August 15, 2025 at 5:41 AM
My latest Economics Explained column in the Australian Financial Review is about government debt.
Reposted by Richard Holden
I see a lot of folks posting about that NYTimes article. So I'm just going to say something I know you all already know, but is important.
You cannot infer the effect on unemployment of majoring in one topic vs another by comparing the unemployment rates of folks who chose those majors.
You cannot infer the effect on unemployment of majoring in one topic vs another by comparing the unemployment rates of folks who chose those majors.
August 10, 2025 at 9:05 PM
I see a lot of folks posting about that NYTimes article. So I'm just going to say something I know you all already know, but is important.
You cannot infer the effect on unemployment of majoring in one topic vs another by comparing the unemployment rates of folks who chose those majors.
You cannot infer the effect on unemployment of majoring in one topic vs another by comparing the unemployment rates of folks who chose those majors.
My latest AFR column is about Stephen Miran’s appointment as a Fed governor. With a take on Stephen Moore and Herman Cain as well. www.afr.com/policy/econo...
I went to Harvard with Stephen Miran. He’s no dummy
Stephen Miran is a more mainstream economist than some of the other names Donald Trump floated as possibilities for the US Fed in his first term.
www.afr.com
August 9, 2025 at 11:17 AM
My latest AFR column is about Stephen Miran’s appointment as a Fed governor. With a take on Stephen Moore and Herman Cain as well. www.afr.com/policy/econo...
Tip for young players. If an AI tells you to take a substance commonly used as a dog anticonvulsant then seek a second opinion.
After asking ChatGPT what to eat instead of salt, a man slowly poisoned himself over course of 3 months and gave himself a psychiatric illness that was common in the 19th century, according to a new medical case study:
www.404media.co/guy-gives-hi...
www.404media.co/guy-gives-hi...
Guy Gives Himself 19th Century Psychiatric Illness After Consulting With ChatGPT
"For 3 months, he had replaced sodium chloride with sodium bromide obtained from the internet after consultation with ChatGPT."
www.404media.co
August 9, 2025 at 11:14 AM
Tip for young players. If an AI tells you to take a substance commonly used as a dog anticonvulsant then seek a second opinion.
We can and should strengthen regulation of childcare centers. I offer 4 ideas in my latest AFR column. But ultimately it is more supply, competition, and choice for families that is necessary for high-quality, affordable childcare. www.afr.com/policy/econo...
Competition would help keep kids safe in childcare
Under the government’s vision of a single-payer system, we are headed for a very expensive failure to protect our children and provide choice for families.
www.afr.com
July 13, 2025 at 6:03 AM
We can and should strengthen regulation of childcare centers. I offer 4 ideas in my latest AFR column. But ultimately it is more supply, competition, and choice for families that is necessary for high-quality, affordable childcare. www.afr.com/policy/econo...
Reposted by Richard Holden
Our CEO Carol Bennett wrote about ACMA's recent spectrum proposal in The Canberra Times this morning.
Read in full: buff.ly/KvwGLAf
@profholden.bsky.social
@canberratimes.bsky.social
#acma #spectrum #spectrumauction #spectrumlicence #auspol
Read in full: buff.ly/KvwGLAf
@profholden.bsky.social
@canberratimes.bsky.social
#acma #spectrum #spectrumauction #spectrumlicence #auspol
July 7, 2025 at 2:39 AM
Our CEO Carol Bennett wrote about ACMA's recent spectrum proposal in The Canberra Times this morning.
Read in full: buff.ly/KvwGLAf
@profholden.bsky.social
@canberratimes.bsky.social
#acma #spectrum #spectrumauction #spectrumlicence #auspol
Read in full: buff.ly/KvwGLAf
@profholden.bsky.social
@canberratimes.bsky.social
#acma #spectrum #spectrumauction #spectrumlicence #auspol
Reposted by Richard Holden
🚨 Breaking from ABC News this morning: ACMA is proposing to renew valuable spectrum licences - but this decision means taxpayers may miss out on several billion dollars in licence fees.
Read the article: buff.ly/KCJ5xWY
@profholden.bsky.social
#acma #spectrum #abcnews #auspol
Read the article: buff.ly/KCJ5xWY
@profholden.bsky.social
#acma #spectrum #abcnews #auspol
July 2, 2025 at 6:24 AM
🚨 Breaking from ABC News this morning: ACMA is proposing to renew valuable spectrum licences - but this decision means taxpayers may miss out on several billion dollars in licence fees.
Read the article: buff.ly/KCJ5xWY
@profholden.bsky.social
#acma #spectrum #abcnews #auspol
Read the article: buff.ly/KCJ5xWY
@profholden.bsky.social
#acma #spectrum #abcnews #auspol
Reposted by Richard Holden
#Spectrum, a crucial public asset, is being renewed for telcos by the regulator #acma instead of auctioned. This could benefit major telcos, cost Australian taxpayers $2–3.2 billion, and hinder competition and innovation.
📹 buff.ly/cSPDQnS
@caroljbennett.bsky.social @profholden.bsky.social
#auspol
📹 buff.ly/cSPDQnS
@caroljbennett.bsky.social @profholden.bsky.social
#auspol
July 3, 2025 at 1:58 AM
#Spectrum, a crucial public asset, is being renewed for telcos by the regulator #acma instead of auctioned. This could benefit major telcos, cost Australian taxpayers $2–3.2 billion, and hinder competition and innovation.
📹 buff.ly/cSPDQnS
@caroljbennett.bsky.social @profholden.bsky.social
#auspol
📹 buff.ly/cSPDQnS
@caroljbennett.bsky.social @profholden.bsky.social
#auspol
Once a fortnight in The Australian Financial Review my "Economics Explained" column does a deep dive on an important economic idea which isn't driven by the news cycle. Last week was on the "Marketplace for Ideas."
June 1, 2025 at 10:54 AM
Once a fortnight in The Australian Financial Review my "Economics Explained" column does a deep dive on an important economic idea which isn't driven by the news cycle. Last week was on the "Marketplace for Ideas."
My latest "Economics Explained" column in @financialreview. "So how efficient is the marketplace for ideas? And how much can we rely on competition in that market to substitute for regulation of speech? More than one might think. And less than one might like." www.afr.com/policy/econo...
How efficient is the marketplace for ideas?
Is significant regulation of speech required? Or can we leave it up to the “marketplace for ideas” to handle it?
www.afr.com
May 27, 2025 at 8:09 PM
My latest "Economics Explained" column in @financialreview. "So how efficient is the marketplace for ideas? And how much can we rely on competition in that market to substitute for regulation of speech? More than one might think. And less than one might like." www.afr.com/policy/econo...