A British-Cypriot and Two Americans Win 2010 Economics Nobel

A British-Cypriot and two Americans, including one nominated by President Obama to the Federal Reserve board, won the 2010 economics Nobel on Monday for work helping explain unemployment and job markets. The Royal Swedish Academy of Sciences awarded the $1.5 million prize to U.S. professors Dale Mortensen and Peter Diamond, the 70-year-old nominee to the Fed, as well as British-Cypriot Christopher Pissarides, 62. – Reuters

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