Richard Frensch studied economics and Slavic languages at the universities of Bonn and Kansas and earned degrees as M.A. in Economics (1982) and Diplom-Volkswirt (1984). In 1987, he graduated from a Russian area studies program at the University of Munich where he also did his Ph.D. in economics (Dr. oec. publ) in 1992. Habilitation at the University of Regensburg followed in 2009. During his professional career at the Osteuropa-Institut (first in Munich, since 207 in Regensburg), Mr. Frensch has on several occasions been seconded to perform advisory functions for the governments of the Czech Republic and Ukraine. He also worked for the United Nations.
He is the managing editor of Economic Systems, published for the IOS in collaboration with the European Association for Comparative Economic Studies. His areas of research are institutional change, political economy of globalization, technology, growth, sustainable development, and trade.