Tuesday, October 12, 2010

2010 Nobel Prize

A trio of really smart guys
Were bestowed a prestigious prize
For teaching the mobs
That the market for jobs
Has more friction than many surmise. 

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2010 was awarded jointly to Peter A. Diamond, Dale T. Mortensen and Christopher A. Pissarides "for their analysis of markets with search frictions".  It might be added: "...in a complete upset of both the Nobel prediction market and Dr. Goose's personal pick."  But... congratulations... really.

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