Richard Holden on inequality, network capital and the future of the firm

Richard Holden, a Professor of Economics at UNSW Business School, is one of the world’s leading experts on contract theory. He has also been a Visiting Professor of Economics at the MIT Department of Economics and Visiting Professor of Law at the University of Chicago Law School - and has written extensively on the boundary of the firm, incentives in organizations, mechanism design, and voting rules. Many years ago, he was also one of my debating rivals at university. After running into each other on a flight to Dallas recently, we caught up to discuss some of his recent research on why so much wealth is controlled by so few, the impact of smart contracts and the Blockchain on the future design of companies, and why now is a good time to brush up on our understanding of game theory.