Peter A. Diamond is an American economist known for his analysis of U.S. Social Security policy. He was awarded the Nobel Memorial Prize in Economic Sciences in 2010. He is an Institute Professor at the Massachusetts Institute of Technology. Professor Agnar Sandmo retired at the age of 70 on 9 January 2008. In order to mark Sandmo’s long contribution to the field, as well as his international standing NHH has established two annual institutions. Coffee and refreshments will be served outside the auditorium from 11.30.