Richard L. Schmalensee

economist from United States of America

1944   -  

country of citizenship: United States of America
language of expression: English
educated at: Massachusetts Institute of Technology
occupation: economist, university teacher
award received: Fellow of the Econometric Society, Fellow of the American Academy of Arts and Sciences

Richard Lee "Dick" Schmalensee (born 1944) is the John C. Head III Dean, Emeritus and the Howard W. Johnson Professor of Management, Emeritus at the MIT Sloan School of Management. He is also Professor of Economics, Emeritus, at the Department of Economics at MIT. Professor Schmalensee is an expert on regulation and antitrust policy, and is known for serving on the President's Council of Economic Advisers from 1989 through 1991 as well as his testimony in the Microsoft antitrust trial, in which he testified as an expert witness in favor of Microsoft. Frank Fisher, another MIT economist who was Schmalensee's former thesis advisor, also testified in these trials, but in favor of the Department of Justice that was prosecuting Microsoft. Schmalensee is also an expert on energy and environmental policy and served on the National Commission on Energy Policy. He is Chairman, Emeritus of the Board of Resources for the Future and a member of the Executive Committee of the Board of the National Bureau of Economics Research. Schmalensee's most recent book is Matchmakers (with David S. Evans), which deals with the economics of and management challenges faced by multi-sided platform businesses. He is Chairman of Market Platform Dynamics, a consulting firm focused on such businesses, and a Director of The Global Economics Group. Schmalensee received his S.B. and Ph.D. in Economics from MIT.
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