Please answer the following question: Information: - Economics (, ) is a social science concerned with the factors that determine the production, distribution, and consumption of goods and services. The term "economics" comes from the Ancient Greek from (', pronounced "eekos", "house") and (', "custom" or "law"), hence "rules of the house (hold for good management)". 'Political economy' was the earlier name for the subject, but economists in the late 19th century suggested "economics" as a shorter term for "economic science" to establish itself as a separate discipline outside of political science and other social sciences. - The MIT Sloan School of Management (also known as MIT Sloan or Sloan) is the business school of the Massachusetts Institute of Technology, in Cambridge, Massachusetts, United States. - Richard Lee '' Dick '' Schmalensee ( born 1944 ) is the John C. Head III Dean , Emeritus and the Howard W. Johnson Professor of Management and Economics , Emeritus at the MIT Sloan School of Management . He holds a joint appointment with 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 as well as his testimony in the Microsoft anti-trust 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 . Schmalensee 's most recent book is Catalyst Code ( with David S. Evans ) , which deals with the management problems 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 . - Political economy is a term used for studying production and trade, and their relations with law, custom, and government, as well as with the distribution of national income and wealth. "Political economy" originated in moral philosophy. It was developed in the 18th century as the study of the economies of states, or "polities", hence the term "political" economy. - A business school is a university-level institution that confers degrees in business administration or management. Such a school can also be known as school of management, school of business, school of business administration, or, colloquially, b-school or biz school. A business school teaches topics such as accounting, administration, strategy, economics, entrepreneurship, finance, human resource management, information systems, logistics, marketing, organizational psychology, organizational behavior, public relations, research methods and real estate among others. - Massachusetts ; officially the Commonwealth of Massachusetts, is the most populous state in the New England region of the northeastern United States. It is bordered by the Atlantic Ocean to the east, the states of Connecticut and Rhode Island to the south, New Hampshire and Vermont to the north, and New York to the west. The state is named for the Massachusett tribe, which once inhabited the area. The capital of Massachusetts and the most populous city in New England is Boston. Over 80% of Massachusetts' population lives in the Greater Boston metropolitan area, a region influential upon American history, academia, and industry. Originally dependent on agriculture, fishing and trade, Massachusetts was transformed into a manufacturing center during the Industrial Revolution. During the 20th century, Massachusetts' economy shifted from manufacturing to services. Modern Massachusetts is a global leader in biotechnology, engineering, higher education, finance, and maritime trade. - The Massachusetts Institute of Technology (MIT) is a private research university in Cambridge, Massachusetts. Founded in 1861 in response to the increasing industrialization of the United States, MIT adopted a European polytechnic university model and stressed laboratory instruction in applied science and engineering. Researchers worked on computers, radar, and inertial guidance during World War II and the Cold War. Post-war defense research contributed to the rapid expansion of the faculty and campus under James Killian. The current campus opened in 1916 and extends over along the northern bank of the Charles River basin. Given the information above, choose from the list below the object entity that exhibits the relation 'educated at' with the subject 'richard l. schmalensee'. Choices: - business school - institute of technology - law - massachusetts institute of technology - mit sloan school of management - new york
Answer:
massachusetts institute of technology