Richard Schmalensee
A global authority on market design and structure, Richard Schmalensee is the Chairman of Market Platform Dynamics, John C Head III Dean, Emeritus, of the Massachusetts Institute of Technology (MIT) Sloan School of Management, and Howard W. Johnson Professor of Management and Economics at MIT. He, along with colleague David Evans, has helped develop a new area of research in the field of economics known as multi-sided platforms and the subject of his recent book with David called Catalyst Code: The Strategies Behind the World’s Most Dynamic Companies (Harvard Business School Press, May 2007).
Dick served as Dean of MIT’s Sloan School of Management from 1998 to 2007. Previously, he was a member of the U.S. President’s Council of Economic Advisers from 1989 to 1991, where he had primary responsibility for domestic and regulatory policy, including environmental and telecommunications policy and for U.S. assistance to Central and Eastern Europe.
In addition, Dick has served as a consultant to private firms and government agencies, including the Bureau of Economics of the U.S. Federal Trade Commission and the Antitrust Division of the U.S. Department of Justice on the 1992 Merger Guidelines. He currently serves as a member of the President’s Council on Energy and is on the boards of International Data Group (IDG) and the International Stock Exchange. He is a member of the International Academy of Management and a fellow of the Econometric Society and the American Academy of Arts and Sciences.
Dick is co-author with David Evans of Paying with Plastic: The Digital Revolution in Buying and Borrowing (MIT Press, 2005) which has been called the “definitive source on the payment card industry” and Invisible Engines: How Software Platforms Drive Innovation and Transform Industries (MIT Press, 2006) which was recently awarded the American Publishing Association’s award for Best Business Book. He received an S.B. in economics, politics, and science and a Ph.D. in economics from MIT.
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