"The Royal Swedish Academy of Sciences has awarded the 10 million Swedish kronor prize (£947,000) to the three economists for their analysis of..."This year's Nobel prize for economics has been awarded to American economists Peter Diamond of MIT and Dale Mortensen of Northwestern University, as well as British-Cypriot Christopher Pissarides of the London School of Economics for their work on unemployment and the labour market.
Wrapping up the 2010 Nobel season, the Royal Swedish Academy of Sciences announced this lunchtime that the 10m Swedish kronor prize (£947,000) has been given to the three economists for their analysis of "markets with search frictions". On Friday, the prestigious Nobel peace prize was awarded to jailed Chinese dissident Liu Xiaobo, which sparked calls for his release by the west and a furious condemnation by China.
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