In what I’d have to say is a surprise, Peter Diamond, Dale Mortensen, and Christopher Pissarides picked up this year’s Nobel in economics for their work on search theory in labor markets. That means, for the second year in a row, the Lawrence University prize for picking the winner will roll over to the next year.
Tyler Cowen on Mortensen.
Tyler Cowen on Diamond.
I was chatting with Professor LaRocque on Saturday, and he felt that we were due for some theorists, so here you go.