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Peter Diamond receives Nobel Prize at ceremony in Sweden 
Friday, December 10, 2010 

 

   

 

Stockholm, Sweden
Institute Professor Peter Diamond PhD ’63 collected the Nobel Prize in economics on Friday, Dec. 10, during a ceremony at the Stockholm Concert Hall in Sweden.

Diamond, Dale T. Mortensen of Northwestern University and Christopher A. Pissarides of the London School of Economics won the prize this year for their analysis of “markets with search frictions,” which roughly equates to any setting in which buyers and sellers don’t easily find one another. 

In Stockholm, Diamond delivered a prize lecture titled, “Unemployment, Vacancies, Wages.” To watch a video of the 30 minute lecture, please click here.

Diamond and other eminent economists will address a forthcoming event convened for the MIT Sesquicentennial—the Economics and Finance Symposium, January 27-28, 2011, which celebrates the role of MIT faculty and students in advancing the fields of economics and finance, in putting the latest developments into practice, and in contributing to the design of public policy.