Arthur Diamond 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 at The Ohio State University, and is now Professor of Economics at the University of Nebraska Omaha (UNO), where he has been a recipient of the UNO Award for Distinguished Research or Creative Activity and the UNO Department of Economics Outstanding Economics Graduate Teacher award.
Diamond has published many journal articles on labor economics, economics of technology, and economics of entrepreneurship. His book Openness to Creative Destruction: Sustaining Innovative Dynamism was published in 2019 by the Oxford University Press. The book shows how life has improved through innovation, how innovation has occurred through the efforts of inventors and innovative entrepreneurs, how workers on balance benefit from a system of innovative dynamism, and how policies can be crafted to encourage the innovative entrepreneur to bring us more innovations.
His nonacademic contributions include the script for “Frank Knight and the Chicago School,” and postings on artdiamondblog.com. He is a recipient of The Journal of Private Enterprise’s “Best Educational Note Award” and is a Senior Fellow at the American Institute for Economic Research.