The Team

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Richard Schmalensee

Richard Schmalensee

Dick serves as a business advisor and board member to some of the world’s most prominent platform businesses and The International Securities Exchange. He is also a principal at Global Economics group and is the Howard W. Johnson Professor of Economics and Management, Emeritus at the Massachusetts Institute of Technology, Professor of Economics, Emeritus, Dean Emeritus, and Director of the MIT Center for Energy and Environmental Policy Research at the MIT Sloan School of Management. He is one of the world’s leading authorities on industrial economics with deep expertise in the payment card industry.

Dick served as a Member of the U.S. President’s Council of Economic Advisers from 1989 through 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. He co-wrote Paying with Plastic with David Evans and is the author or co-author of 11 books and more than 120 published articles, and he is co-editor of volumes 1 and 2 of the Handbook of Industrial Organization. Dick holds a SB and a Ph.D. from MIT.