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Diamond, Peter (born 1940)

Author

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  • Nicholas Barr

Abstract

Peter Diamond has made fundamental contributions to economic theory over a wide range of areas including search theory and its implications for unemployment (for which he was awarded the Nobel Memorial Prize), optimal taxation, which he pioneered with James Mirrlees, incomplete markets and their implications inter alia for the design of social insurance, and the role of government debt in fostering intergenerational efficiency. For most of his career, he has also been active in policy analysis, notably pensions.

Suggested Citation

  • Nicholas Barr, 2011. "Diamond, Peter (born 1940)," The New Palgrave Dictionary of Economics,, Palgrave Macmillan.
    • Handle: RePEc:pal:dofeco:v:5:year:2011:doi:3864
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    More about this item

    Keywords

    behavioural economics; DMP model; duality theory; frictions; incomplete markets; matching; McFadden; Mirrlees; national debt; optimal taxation; overlapping generations; pensions; Ramsey Rule; Samuelson; Solow; search theory; social security; use of models;
    All these keywords.

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

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