Peter A. Diamond

2010 Nobel Prize Winner for Economics

2010 Nobel Prize Winner for Economics together with Dale T. Mortensen and Christopher A. Pissarides.
Institute Professor and Professor of Economics, Department of Economics, MIT, Cambridge, MA, USA

Co-reason for the prize:

for their analysis of markets with search frictions.

For a new methodology of analysis on the labor market, which aims to explain why, despite the new job opportunities, there are so many unemployed and what politics can do to reduce unemployment. And how can economic policy affect unemployment? The 2010 Nobel laureates sought to develop a theory that could be used to answer these questions.

He is best known for his pioneering work in optimal taxation