I probably learned most at MIT by teaching and working with Peter Diamond, who acted like a big brother to me during my time in the department.

Much theoretical work, of course, focuses on existing economic institutions. The theorist wants to explain or forecast the economic or social outcomes that these institutions generate.

Of course, MIT was notable not just for its faculty but also for its students. And, facing such extremely bright kids as a rookie teacher was something like being thrown to the wolves.

Eric Maskin Quotes