Prof. Peter A. Diamond
2010 Nobel Prize Winner in Economic Sciences
Peter Diamond was awarded the Nobel Prize for his seminal work on search theory, the theory of the frictions and incentives involved in the process of matching. He is an Institute Professor at the Massachusetts Institute of Technology, known for his analysis of U.S. Social Security policy.
"One of the world's leading economists"
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Professor Diamond is best known for his pioneering work in optimal taxation which has been widely applied to the pricing of public utilities. His macroeconomic model with overlapping generations has been very widely used. He received a Ph.D. at the Massachusetts Institute of Technology and after beginning his teaching career at the University of California, he returned to the MIT faculty in 1966 and has remained there since. Among many other avenues of research, he helped develop studies from the late 1970s onward that examined the ways markets function over a period of time. He worked as an advisor to the Advisory Council on Social Security and served as president of the American Economic Association. In 2010 President Barack Obama re-nominated Peter to the U.S. Federal Reserve's Board of Governors.
WHAT he OFFERS YOU
With an honest, transparent, and comprehensive approach, Peter Diamond expertly helps audiences understand the ways in which unemployment, job vacancies, and wages are affected by regulation and economic policy, bringing some welcome realism and decency to current issues.