Academics commonly live somewhat nomadic lifestyles: a job can take them to far away, exotic places. Peter Diamond and his wife Kate Myrick got their taste of academic wandering during his sabbatical years in Nairobi, Tel Aviv, and Cambridge. Since then, they chose to settle in the Boston area and now call it home. "Home is where I want to come back to, where I unwind and connect, not just with family but with my sense of the world, because then I can step back and think about things," he says.
Having a strong connection to the home and family helped Diamond excel in academics and policy formations, as well as granting him the opportunity to contribute to the local efforts of his town community. Both Diamond and his wife have been elected to the local authority of the town he lives in. As a public finance economist, Diamond had a good grasp of the basics of local public finances, and he ran a successful campaign to increase tax revenue to meet the town’s budget.
When his re-election for the next term came up, he chose an unorthodox message to appeal to voters in his small constituency: "When I was running for office after my wife was elected, I knew that a win would mean I’d be with her at all the town meetings, several evenings a week. So I said to the voters: if they cared about family values, they should vote for me because that meant I’d get to spend time with my wife, and that’s a very serious family value." The laureate only half-jokes, revealing the admirable ability not to take himself too seriously.