Nobel Prize in economics awarded to ‘policy – unemployment relation’ Seoul, South Korea
December 2, 2010
Nobel Prize in economics was awarded jointly to three scholars who studied the relatioinship between policy and unemployment.
The Royal Swedish Academy of Sciences, the 11th and MIT professor Peter Diamond and Professor Dale Mortensen of Northwestern University, Professor Christopher Pissarides, London School of Economics and Political Science, said they were chosen as getting the nobel economic prize.
Academy of Sciences has created these called 'search friction' and the government's economic policy, unemployment and job restrictions, wages, etc. so you can understand how to influence that contribute to the selection and explained why.
Rise summering Professor Diamond was born in Cyprus in 1948 with Professor Mortensen is an American professor.
Diamond Professor who became the the Federal Reserve Board (FRB) director recently was picked as a member of the nomination even before the midterm elections and disagreement from Senate Republicans were forced to quiet down.
Nobel Prize in Economics in 1895 death of Alfred Nobel's will, according to the award, but not remaked in 1968 to honor him, the Swedish central bank has been awarded the following year.
The first economics prize was awarded in 1969 after more than 40 Americans have received this award, this time two Americans received two prizes.
Meanwhile, for the winner 10 million Swedish kroner (about 1.67 billion won) awards the prize. Alfred Nobel’s prize will be given at the ceremony each of rotating December 10 and held in Stockholm, Sweden. After the Nobel economic ceremony, the presentation ended.
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