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Lives of the LaureatesTwenty-three Nobel Economists$
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Roger W. Spencer and David A. Macpherson

Print publication date: 2014

Print ISBN-13: 9780262027960

Published to MIT Press Scholarship Online: May 2015

DOI: 10.7551/mitpress/9780262027960.001.0001

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Peter A. Diamond

Peter A. Diamond

(p.393) Peter A. Diamond
Lives of the Laureates

Roger W. Spencer

David A. Macpherson

The MIT Press

This chapter outlines Peter A. Diamond's transition from a math major to a public policy analyst and public policy-oriented economic theorist. He was awarded the Nobel Prize in 2010. Diamond was born in 1940 and earned his doctorate in economics at MIT in 1963. He became professor in 1970 and he later became department chairman at MIT in 1985. Diamond himself identified five phases in his evolution to his becoming an economist: student, applied mathematician, teacher, the “what's wrong with economics” phase, and policy analyst. As a policy analyst, he was involved in Social security and pensions, not only in the U.S. but also in many other countries. His publications include Saving Social Security: A Balanced Approach and Reforming Pensions: Principles and Policy Choices.

Keywords:   Peter A. Diamond, pensions, public policy-oriented economics

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