"I was always interested in big problems, and when I see a big problem I say, 'Let’s try to solve it, let’s try to think of a solution!'" Meet Christopher Pissarides, a humble London School of Economics professor who finished his PhD in two years and was awarded the 2010 Prize in Economic Sciences.
He and his co-laureates Peter Diamond and Dale Mortensen were awarded the prize for finding ways to incorporate real-world frictions into the mathematical models that describe market behaviour. Their Diamond-Mortensen-Pissarides (DMP) model is one of the most widely-used analytical tools for labour markets. Besides discussing labour markets, we speak about educational systems, how life has been affected by covid-19 and how Pissarides experienced moving from Cyprus to the UK.
This the is final episode of Nobel Prize Conversations season one. We hope you have enjoyed the podcasts and we look forward to welcoming you back soon for season two.
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