Peter Diamond
Peter Diamond · Philosophy & Social Sciences
Nobel laureate (2010) for work on search frictions in labor markets and public finance
1940, New York City, United States
United States · Massachusetts Institute of Technology
Peter Diamond is recognized among Jewish contributors to Philosophy & Social Sciences — Nobel laureate (2010) for work on search frictions in labor markets and public finance
Diamond, born to a Jewish family in New York whose grandparents were immigrants, spent his career at MIT building the theory of markets with 'search frictions.' He and his co-laureates modeled how it takes time and effort for buyers and sellers — for instance workers and employers — to find each other, explaining why unemployment and job vacancies coexist. This framework, honored with the 2010 Nobel Memorial Prize in Economic Sciences, is central to labor economics and public finance.
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Source: Jinfo.org — Jews in Economics
Nobel laureate (2010) for work on search frictions in labor markets and public finance
Source: Jinfo.org — Jews in Economics
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