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MIT economist, stalled as choice for Fed board, awarded Nobel

Diamond honored for work on dynamics of labor market

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By Robert Gavin
Globe Staff / October 12, 2010

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CAMBRIDGE — Peter A. Diamond, an MIT professor regarded as a brilliant theorist grounded in real-world problems, was awarded the Nobel Prize for Economics yesterday for developing a theory that helps explain mismatches between employers and job seekers that can contribute to high unemployment — even when openings are plentiful. (Full article: 1020 words)

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