Richard L. Schmalensee

Richard Schmalensee is Professor of Economics and Management at the Massachusetts Institute of Technology (MIT) and has been the John C Head III Dean of the MIT Sloan School of Management since 1998.

Professor Schmalensee was a member of the President’s Council of Economic Advisers from 1989 through 1991 and a deputy dean of the MIT Sloan School from 1996 through 1998. He has served as director of the MIT Center for Energy and Environmental Policy Research, as a member of the Environmental Protection Agency’s Environmental Economics Advisory Board and as chairman of its Advisory Council on Clean Air Act Compliance Analysis. He has also served on the Committee on National Statistics of the National Academies. He is a director of the International Securities Exchange and of MFS Investment Management.

Professor Schmalensee’s research has centered on industrial economics and its application to managerial and public policy issues. He has studied antitrust, regulatory, and environmental policies. He has published over one hundred articles in professional journals and books and is the author of three books and coauthor of five others. Professor Schmalensee was coeditor of the Handbook of Industrial Organization and founding editor of the MIT Press Regulation of Economic Activity monograph series, and he has served on the editorial boards of the American Economic Review, the Journal of Economic Perspectives, and several other professional journals. He is a research associate of the National Bureau of Economic Research, a member of the International Academy of Management, and a Fellow of the Econometric Society and the American Academy of Arts and Sciences. He has served as a member of the Executive Committee of the American Economic Association.

Professor Schmalensee grew up in Belleville, Illinois. He received his SB (Economics, Politics, and Science; 1965) and PhD. (Economics; 1970) degrees from MIT. Prior to joining the MIT faculty in 1977, he taught at the University of California, San Diego.