Peter Diamond Biography, Contribution

Peter Diamond is an American economist who received the Nobel Prize award for economic sciences in 2010.

In 2010, Professor Diamond was nominated by President Barack Obama to fill one of the vacancies on the Federal Reserve Board but his nomination was blocked by the Senate Banking Committee on account of his lack of experience in monetary policy.

Personal Information
Full Name : Peter Arthur Diamond
Birth Date : April 29, 1940
Birth Place : New York, United States of America
Spouse : Kate Myrick

College : Yale University
Degree : Mathematics
Master : Massachusetts Institute of Technology
Doctorate : Massachusetts Institute of Technology

Career Highlights
2003 – President, American Economic Association
1997 – Institute Professor (highest title that can be awarded to a faculty member at the Massachusetts Institute of Technology (MIT))
1988 – Founding Member, National Academy of Social Insurance
1985-1986 – Head, Department of Economics at Massachusetts Institute of Technology
1970-1984 – Professor, Massachusetts Institute of Technology
1968 – President, Econometric Society
1966-1969 – Associate Professor, Massachusetts Institute of Technology
1963-1965 – Assistant Professor and later acting Associate Professor, University of California, Berkeley

Contribution to Science
* Analyses of social welfare programs
* Analysis of markets with theory of search frictions (Labor market search and match)
* Dynamic inefficiency

Book Published
Saving Social Security: A Balanced Approach (2004,-5, Brookings Institution Press; co-authored with Peter R. Orszag)

2010 – Nobel Memorial Prize for Economic Sciences (along with Dale T. Mortensen and Christopher A. Pissarides)
2008 – Robert M. Ball Award for Outstanding Achievements in Social Insurance

See also: List of Famous Economists from around the world

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