The Nobel award for economics this week went to three scholars of unemployment. It is a timely topic. Joblessness has risen to a depressingly high level in the US, while not falling much (from depressingly high levels) in most of Europe. Sadly, the approach of the professors – Peter Diamond (nominated for the Federal Reserve), Dale Mortensen and Christopher Pissarides – has little to offer.
本週,諾貝兒經濟學獎被授予了三位研究失業問題的學者。這是一個熱門話題。美國的失業率已高到讓人沮喪的水準,而在歐洲多數國家,失業率並沒有(從高得讓人沮喪的水準)下降多少。令人遺憾的是,這三位教授——彼得•戴蒙德(Peter Diamond)(被提名出任美聯準理事)、戴爾•莫滕森(Dale Mortensen)和克里斯托弗•皮薩里季斯(Christopher Pissarides)——的方法,提供不了什麼答案。
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