A trio of economists shares Nobel Prize
A trio of economics scholars - a British-Cypriot and two Americans, including one nominated by President Barack Obama to the US Federal Reserve board, won the Nobel Prize in economics Monday. They were cited for their studies of markets and how mismatches between buyers and sellers can contribute to such problems as high unemployment.
The prize committee said the trio's work had emerged as an important guide to why unemployment may remain high, even as new job opportunities emerge following the recession. Christopher Pissarides, a 62-year-old professor at the London School of Economics, who was born in