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Peter Arthur Diamond Edit Profile

Economist , Professor

Peter Arthur DIAMOND was an economist in the field of General Economic Theory.


Diamond, Peter Arthur was born on April 29, 1940 in New York City. Son of Daniel and Dora (Kolsky) Diamond.


Bachelor of Arts (Mathematics) Yale University, 1960. Doctor of Philosophy Massachusetts Institute of Technology, Cambridge, Mass., USA, 1963.


Assistant Professor, Acting Association Professor, University California Berkeley, 1963-1965,

1965-1966. Overseas Fellow, Churchill College Cambridge, 1965-1966. Association Professor, Massachusetts Institute of Technology, Cambridge, Mass., USA, 1966-1970.

Visiting Professor, University College, Nairobi, 1968-1969, Hebrew University, Jerusalem, 1969. Visiting Fellow, Balliol College Oxford, 1973-1974. Visiting Professor, Harvard School Public Health, 1977-1978.

Visiting Scholar, Harvard Law School, 1982-1983. Professor, Massachusetts Institute of Technology, Cambridge, Mass., USA, Cambridge, Massachusetts, United States of America, since 1970. Association Editor, Journal of Economic Theory,

1969-1971, Journal of Public Economics, since 1971.

Editorial Board, American Economic Review, 1979-1981.


  • United States Social Science Research Council, United Kingdom or United States of America Fellow, 1965. Guggenheim Foundation Fellow, 1966-1967,1982-1983. Fellow, Council, Econometric Society, 1968, 1981-1987.

    Fellow American Academy of Arts and Sciences, 1978. Mahalanobis Memorial Award, 1980.


  • book

    • Social Security: What Role for the Future? (Edited with D. Lindeman, and H. Young), 1996

    • Saving Social Security: A Balanced Approach (with Peter R. Orszag), 2005

    • Behavioral Economics and Its Applications (edited with Hannu Vartiainen), 2007

    • Reforming Pensions: Principles and Policy Choices (with Nicholas Barr), 2008

    • Pension Reform: A Short Guide (with Nicholas Barr), 2010


Early work was on infinite horizon preferences and growth theory. Normative analyses have reconsidered the implications of the Walrasian model in the presence of overlapping generations, in the absence of some markets (especially insurance markets), and in the absence of the ability to costlessly redistribute income among individuals. Recent work has concentrated on the implications of the absence of a Walrasian auctioneer.


Fellow Econometric Society (council 1981-1986, Second vice president 1989, 1st vice president 1990, president 1991). Member American Economics Association (vice president 1986, president 2003), National Academy Science (chairman board 1996-1998, board member 1998-2001, president 1994-1997).


  • Other Interests



Married Priscilla Gibbs Myrick, October 16, 1966. Children: Matthew, Andrew.

Daniel Diamond

Dora (Kolsky) Diamond

Priscilla Gibbs Myrick

Matthew Diamond

Andrew Diamond