Peter A. Diamond was named winner of the eighth annual Paul A. Samuelson Award, which carries a $20,000 prize.
The award, sponsored by TIAA-CREF, New York, honors Mr. Diamond, Institute Professor at the Massachusetts Institute of Technology, Cambridge, Mass., for his new book, "Taxation, Incomplete Markets, and Social Security," published by MIT.
Mr. Diamond, who is also president of the American Economics Association, a group of professional economists, has analyzed social security systems worldwide for 25 years.
The prize, formally called the Paul A. Samuelson Award for Outstanding Scholarly Writing on Lifelong Financial Security, was presented Jan. 3 at the annual meeting of the Allied Social Sciences Association, which includes the AEA, at the San Diego Marriott Hotel and Marina.
The winner of the award is determined by an independent panel of six scholars and is administered by TIAA-CREF Institute, the research and educational arm of TIAA-CREF. The award was named after Mr. Samuelson, a Nobel economics laureate and former CREF trustee.
Joseph P. Newhouse received a certificate of excellence from the panel for his book, "Pricing the Priceless: A Health Care Conundrum," also published by MIT. Mr. Newhouse, John D. MacArthur Professor of Health Policy and Management at Harvard University, Cambridge, and director of the Division of Health Policy Research and Education, received a prize of $1,000. Mr. Newhouse is a director on the board of Aetna Inc., Hartford, Conn.
Mr. Diamond's book, aimed at academic researchers, expands on lectures he presented at the Center of Economic Studies of the University of Munich. In the book, Mr. Diamond analyzes an array of economic and social forces that influence Social Security policy issues.