Announcing the Nobel Prize in Economic Sciences 2010 are, from left, Professor Bertil Holmlund, Permanent secretary of the Royal Academy of Sciences Staffan Normark and Professor Per Krusell, Monday ... more 
Announcing the Nobel Prize in Economic Sciences 2010 are, from left, Professor Bertil Holmlund, Permanent secretary of the Royal Academy of Sciences Staffan Normark and Professor Per Krusell, Monday Oct. 11 2010, in Stockholm, Sweden, is awarded jointly to Americans Peter Diamond and Dale Mortensen, and British Cypriot Christopher Pissarides. The three have jointly won the 2010 Nobel economics prize for developing theories that help explain how economic policies can affect unemployment. Diamond is an economist at the Massachusetts Institute of Technology, and an authority on Social Security, pensions and taxation. Mortensen is an economics professor at Northwestern University in Evanston, Illinois, and Pissarides is a professor at the London School of Economics. (AP Photo / Janerik Henriksson / SCANPIX) ** SWEDEN OUT ** less 
1 / 1
Associated Press
Wed, Oct 13, 2010 9:41 PM EDT