Tuesday, March 19, 2024
Advertisement
  1. You Are At:
  2. News
  3. World
  4. Two Americans, A British-Cypriot Win Nobel Prize For Economics

Two Americans, A British-Cypriot Win Nobel Prize For Economics

 Stockholm, Oct 11 :  Americans Peter Diamond and Dale Mortensen and Christopher Pissarides, a British and Cypriot citizen, won the 2010 Nobel economics prize today for developing theories that help explain how economic policies can

PTI PTI Updated on: October 11, 2010 17:52 IST
two americans a british cypriot win nobel prize for
two americans a british cypriot win nobel prize for economics

 Stockholm, Oct 11 :  Americans Peter Diamond and Dale Mortensen and Christopher Pissarides, a British and Cypriot citizen, won the 2010 Nobel economics prize today for developing theories that help explain how economic policies can affect unemployment.


  The Royal Swedish Academy of Sciences says they won the prestigious award "for their analysis of markets with search frictions."

 "The laureates' models help us understand the ways in which unemployment, job vacancies and wages are affected by regulation and economic policy," the citation said.

  Diamond, 70, is an economist at the Massachusetts Institute of Technology, and an authority on Social Security, pensions and taxation.

 President Barack Obama has nominated Diamond to become a member of the Federal Reserve. However, the Senate failed to approve his nomination before lawmakers left to campaign for the midterm congressional elections.

Mortensen, 71, is an economics professor at Northwestern University in Evanston, Illinois, and Pissarides, 62, is a professor at the London School of Economics. AP   

Advertisement

Read all the Breaking News Live on indiatvnews.com and Get Latest English News & Updates from World

Advertisement
Advertisement
Advertisement
Advertisement