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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