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.
Posted by Dr. Goose
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Popular Posts

  • The $37 Billion Question
    Said a Harvard professor of econ, "That Google's got something unique on: They have cash by the score, Yet still borrow more; T...
  • Over-Hurd at an HP Board Meeting
    "After proofing each check and gratuity,  We've determined beyond ambiguity:  Your expenses look funny,  If none of this money  ...
  • Powerball
    I'm buying a Powerball ticket (Or several, or even a thicket), In hopes I may win A billion bucks in The unlikely case that they pic...
  • March Productivity Madness
    Economists show the proclivity Toward lamenting the lost productivity When Americans cling, From the first day of Spring, To basketball ...
  • Consumption Be Done About It?
    The US has always depended On a rate of consumption that's splendid, By consumers for whom The means to consume  May soon have them over...
  • Fed's Letter to Deutsche Bank
    "In reviewing your earnings per annum, We're less than impressed, and we pan 'em. The bank may have gains, But this letter ...
  • Lulled by Fuld?
    Said the Lehman bankruptcy inspector Of the repo transactions that wrecked 'er: "The Feds, who were looking At books that were ...
  • Alternative Minimum Tax Blues
    Though intended to thwart something scandalous - That those who have millions on hand do less - The AMT's hardest On households more ...
  • Facebook Valuation Formula
    Facebook is valued at plenty By Wall Street's high-tech cognoscenti, Based on 1 billion friends Times $5 each, then Times the IP...
  • What Happens if We Default?
    On a US default, we deduct, If the GOP reps can obstruct, Our economy's fatally, Foolishly, finally, Fittingly, fecklessly f***ed. ...