Peter Diamond, Nobel Laureate 2010
Peter A. Diamond PhD '63, Institute Professor and professor of Economics at MIT, has won the Nobel Prize in Economic Sciences for 2010. Diamond has received the award along with two co-winners, Dale T. Mortensen of Northwestern University and Christopher A. Pissarides of the London School of Economics.
Peter has taught at MIT's Department of Economics since 1966 . He has been President of the American Economic Association, of the Econometric Society, and of the National Academy of Social Insurance. He is a Fellow of the American Academy of Arts and Sciences and a Member of the National Academy of Sciences. He has written on behavioral economics, public finance, social insurance, uncertainty and search theories, and macroeconomics.
In the area of social security, he has been a member of a number of panels for the US government, since 1974. He was Chair of the Panel on Privatization of Social Security of the National Academy of Social Insurance, 1996-98, whose report, Issues in Privatizing Social Security, has been published by MIT Press. He has consulted about social security to the World Bank and has written about social security in China, Chile, Germany, Italy, the Netherlands, Spain, and Sweden as well as the US. His recent books are Taxation, Incomplete Markets and Social Security, Social Security Reform, and Saving Social Security: A Balanced Approach (with Peter R. Orszag).