Who is Peter Diamond?
Peter Diamond is an American economist, best known for his work as part of the Advisory Council on Social Security during the 1980s and 1990s, and for his development of the Diamond-Mirrlees Efficiency Theorem in the early-1970s. He was born in 1940, and from an early age was interested in mathematics and economics, leading him to a life of research and teaching. Receiving a BA in Mathematics from Yale University in 1960, Peter Diamond earned his PhD from MIT in 1963, publishing a number of papers during this period. These early papers dealt primarily with the effects of the swelling national debt on the economy in the long-term. In 1964, Peter Diamond took a job as an assistant professor at the University of California at Berkeley, at the age of 24, before moving to MIT as an associate professor in 1966. He became a full professor in 1970, and in the 1980s acted as MIT’s Department of Economics head. In 1997 Peter Diamond was named Institute Professor at MIT, their highest honor, in r
