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Cypriot Wins Nobel Economics Prize

Cypriot Christopher Pissarides and two Americans have won the 2010 Nobel economics prize for their theories on the relationship between government policies and unemployment.

The Royal Swedish Academy of Sciences awarded Americans Peter Diamond and Dale Mortensen, and British Cypriot Christopher Pissarides for "their analysis of markets with search frictions."

62-year-old Pissarides teaches at the London School of Economics.

Poll

How Can the Government Improve the Economy?
By focusing on job creation
17%
By reducing interest rates in government-owned banks
1%
By changing the hours banks are open to normal working hours
0%
By changing the hours govt. offices are open to normal working hours
0%
By talking more positively about the economy
0%
By reducing corruption and bribery in the state sector
33%
All of the above
47%
None of the above
1%
Total votes: 78