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29 March 2017 01:14 (South Africa)

Trio share Nobel economics prize

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

Peter Diamond, Dale Mortensen and Christopher Pissarides have won the 2010 Nobel economics prize for their "analysis of markets with search frictions". According to the Business Insider, "the Laureates' models help us understand the ways in which unemployment, job vacancies, and wages are affected by regulation and economic policy". Diamond was recently nominated by the White House to sit on the Board of Governors of the Federal Reserve System. The Nobel prize in economics wasn't on the original list of prizes, but was created in 1968 by the Swedish central bank in Alfred Nobel's memory.  Read more: Wall Street Journal, Business Insider

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

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