Arthur Diamond

Senior Fellow

Arthur M. Diamond, Jr., is Senior Fellow with the American Institute for Economic Research. He earned graduate degrees in philosophy and in economics from the University of Chicago, where he also was awarded a Post-Doctoral Fellowship with economics Nobel Prize laureate Gary Becker. He has been on the faculty of the Department of Economics of The Ohio State University and is Professor Emeritus of Economics at the University of Nebraska, Omaha. Diamond is the author of Openness to Creative Destruction: Sustaining Innovative Dynamism from the Oxford University Press.

  • The Bear’s Out-Stuck Neck 

    “The Bear illustrates much that is important about project entrepreneurs. But where The Bear really sticks its neck out is in taking the politically incorrect side of two currently contentious issues.” ~Art Diamond

    The Bear’s Out-Stuck Neck 
  • When I Knew More Than Hayek

    “The main problem with central planning is that a great many dispersed individuals have local knowledge that cannot be collected and processed even by the most noble, intelligent, and hard-working planner. Progress against Covid-19 requires respecting the message of Hayek’s paper, by heeding the local knowledge of doctors fighting Covid-19 in their clinics and hospitals.”…

    When I Knew More Than Hayek
  • Free to Choose: Human Challenge Trials for Vaccines

    “Libertarians believe that adults should be free to choose large risks in the pursuit of adventures like free diving, extreme skiing, and space exploration. The case is all the stronger that adults should be free to choose smaller risks in the pursuit of stopping COVID-19.” ~ Arthur M. Diamond Jr.

    Free to Choose: Human Challenge Trials for Vaccines
  • Free to Choose a Possible Cure

    Of course much is uncertain. The outcomes of racing in NASCAR, climbing Mount Everest, and launching into space are uncertain. Yet we allow adults to choose to race, climb, and launch. So, how can we forbid a patient with Covid-19 from taking experimental drugs?

    Free to Choose a Possible Cure
  • Entrepreneur Couney Brought Incubators to the Preemies

    One of Couney’s early stations was at the 1901 Buffalo World’s Fair. Also on display was an early X-ray machine whose inventor would soon win the first physics Nobel Prize.

    Entrepreneur Couney Brought Incubators to the Preemies