Peter Arthur Diamond is born in New York City as the youngest of two children.

Peter Diamond attends Churchill College, Cambridge, As an oversea fellowship, organized by Frank Hahn.

Peter Diamond publishes a widely recognized paper that applies search theory to a retail market. He continues his research, working on labor maktes and later the entire economy.

Peter Diamond marries Priscilla Myrick, they have two sons.

The US Senate headed by Senator Richard Shely blocks Peter Diamonds appointment as members of the Board of The Federal Reserve System.

Peter Diamond attends the Yale University to study mathematics and earns his Bachelor Degree summa cum laude in 1960.

Peter Diamond becomes involved in policy analysis. Bill Hsiao invites him to join the Panel on social Security Financing.

Peter Diamond studies at the Massachusetts Institue of Technology (MIT). He is strongly influenced by Gerard Debreu and his general equilibrium theory and receives his PhD in 1963.

Peter Diamond, Dale Mortensen and Christopher Pissarides are Awarded the Prize in Economic Sciences in Memory of Alfred Nobel for their analysis of markets with search frictions.

Peter Diamond meets Jim Mirrles after a seminar given at Churchill in summer of 1967 about his one-consumer economy model. The two work together for years and publish numerous papers.

Peter Diamond works at the Berkeley University, California as an assistant professor. Due to him, it was the perfect place to be a young theorist because of the faculty interaction. He teaches banking, micro-makro sequence and public finances among other things.

Peter Diamond returns to the MIT to work as an associate Professor, serving as head of the Department of Economics in 1985-86 and being named an Institute Professor in 1997.