Here is a picture of Sir Christopher Pissarides. He is a Nobel prize winner. He is a professor at the London School of
Economics. He won the Nobel prize in
2010 for his work in economics especially relating to markets with
friction. He is a writer. He is known for being a specialist in
unemployment. He is often quoted in
reference to the Eurozone. He tends to
trend towards macroeconomics and not microeconomics. I had no idea who he was until I was assigned
to his alias. I believe that some of his
work will be relevant to what we discuss in this course because he is very
involved in topics revolving around economic growth.
Information from: http://christopherpissarides.com
Not all the aliases employed in the class are directly related to our object of study. As I mentioned to you at the end of class, Pissarides is most well known for his work with Mortensen on the economics of search and matching. In the labor market the unemployment rate is never zero. There is what is termed frictional unemployment. At the same time that people are unemployed, there are job vacancies waiting to be filled. The simpler model of supply and demand suggests there might be unemployment or job vacancies but not both at the same time. Reality is more complex than that. Pissarides work helps us to understand that complexity.
ReplyDeleteI have been looking into a lot of Pissarides work. He is great because he realizes how complex the problem he is trying to solve is. Since he knows that, he attempts to communicate that problem to the general public in an understandable way which is awesome. I look forward to looking more and more into what information Pissarides can offer me.
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