Sunday, July 17, 2011

Cyprus – Nobel Prize Winner 8.11.2011

A British-Cypriot and two Americans, including one nominated by U.S. President Barack Obama to the Federal Reserve board, won the 2010 economics Nobel on Monday for work helping explain unemployment and job markets. The men's work on search markets helped explain how it was possible so many people could be unemployed at a time when a large number of jobs were on offer.
The Cyprus Post issued a stamp (on this FDC) commemorating Christopher Pissarides, the Cypriot Nobel Prize winner 2010.Christopher Antoniou Pissarides (born 20 February 1948) is a British-Cypriot economist. He currently holds the Norman Sosnow Chair in Economics at the London School of Economics. His research interests focus on several topics of macroeconomics, notably labor, economic growth, and economic policy. In 2010, he was awarded the Nobel Prize worth 10 million crown ($1.5 million in economics, jointly with Peter A. Diamond and Dale Mortensen, for his contributions to the theory of search frictions and macroeconomics. Merja gave me this FDC.

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