Nobel Laureate Peter A. Diamond, recent nominee for the Federal Reserve Board of Governors, will appear Monday, October 17, 2011 in the Burkett Miller Distinguished Lecture Series, addressing the topic “Markets and Government.”

Peter Diamond earned the Ph.D. in Economics from M.I.T. and is currently an Institute Professor at M.I.T. He is known for his analysis of U.S. Social Security policy and served in numerous capacities as an advisor to the Advisory Council on Social Security during the 1980s and 1990s. Dr. Diamond received the 2010 Nobel Prize in Economic Sciences for his analysis of markets with search frictions in which he analyzed the foundations of search markets. His model helps to understand the ways in which unemployment, job vacancies, and wages are affected by regulation and economic policy. Search theory has also been applied to questions relating to the housing market, monetary policy, public economics, financial economics, regional economics, and family economics.

Sponsored by the Scott L. Probasco, Jr. Chair of Free Enterprise, this event takes place at noon in the University Center auditorium; is free and open to the public; and seating is limited to a first-come, first-served basis.

For more information, contact the Probasco Chair at 423 425-4118.