Originally posted by the Voice of America.
Voice of America content is produced by the Voice of America,
a United States federal government-sponsored entity, and is in
the public domain.


Two Americans, British Cypriot Awarded Nobel for Economics

   VOA News 11 October 2010
   Professor  Bertil  Holmlund  (L,  seated),  Permanent secretary of the
   Royal  Academy  of  Sciences Staffan Normark (C, seated) and Professor
   Per Krusell (R, seated) announce the Nobel Prize in Economic Sciences.
   Stockholm, 11 Oct 2010.

Photo: AFP

   Professor  Bertil  Holmlund  (L,  seated),  Permanent secretary of the
   Royal  Academy  of  Sciences Staffan Normark (C, seated) and Professor
   Per Krusell (R, seated) announce the Nobel Prize in Economic Sciences.
   Stockholm, 11 Oct 2010.

   Two  Americans  and a British Cypriot have been awarded the 2010 Nobel
   economics   prize  for  developing  theories  that  help  explain  how
   unemployment is affected by government policies.
   The  Royal  Swedish Academy of Sciences on Monday recognized Americans
   Peter  Diamond  and  Dale  Mortensen,  and British Cypriot Christopher
   Pissarides for "their analysis of markets with search frictions."
   An  academy  statement said the trio's theories on search markets help
   analysts  understand the ways in which unemployment, job vacancies and
   wages are affected by regulation and economic policy.
   Search  theory  has  also  been  used  to  study  questions related to
   monetary  theory,  as  well  as public, financial, regional and family
   economics.
   Diamond  is an economist at the Massachusetts Institute of Technology,
   and   an   authority  on  social  security,  pensions  and  taxation.Â
   Mortensen  is  an  economics  professor  at Northwestern University in
   Evanston,  Illinois.   Pissarides  teaches  at  the  London School of
   Economics.
   Imprisoned  Chinese  activist  Liu Xiaobo on Friday won the 2010 Nobel
   Peace  Prize  for  "his  long and non-violent struggle for fundamental
   human rights in China."
   Peruvian  author Mario Vargas Llosa, one of the most acclaimed writers
   in  the  Spanish-speaking  world,  has  won the Nobel for Literature.Â
   British  scientist  Robert  Edwards  won the Nobel in medicine for his
   work in developing in-vitro fertilization.
   Russian scientists Andre Geim and Konstantin Novoselov won the physics
   prize  for   their for "groundbreaking" experiments with a strong and
   highly  conductive  form of carbon.  Ei-ichi Negishi and Akira Suzuki
   of  Japan,  and  American  Richard  Heck  won  the 2010 Nobel Prize in
   chemistry for developing a carbon-bonding process that has enabled the
   creation  of  everything  from  anti-inflammatory  drugs to super-thin
   computer screens.

   Some information for this report was provided by AP, AFP and Reuters.

.