|Christopher Pissarides, the Cypriot economist, was awarded the Nobel Prize in Economics, jointly with Dale Mortensen and Peter A. Diamond, in 2010, for their contribution to the theory of search frictions and macroeconomics.
Christopher Pissarides, whose origins are from Agros, a village in the mountains, and who was born in Nicosia in 1948, is the first Cypriot to have been awarded a Nobel Prize. He attended the Eleneio Elementary School and the Pancyprian Gymnasium. he studied at the University of Essex and subsequentlly received his PhD from the London School of Economics (LSE).
He is currently a Professor of Economics at the LSE, the Director of the Economics Department and of the Research Programme on Macroeconomics at the Centre for Economic Performance, both at the LSE. He is an expert on the labour market and in research into economic policy. His book, "Equilibrium Unemployment Theory" is considered standard reference book on unemployment. It has contributed to the better understanding of this phenomenon and constitutes a vital tool in labour market analysis.
Text: Paschalis Eliopoulos, Nicosia
Source: Stamps and Philatelic Services, Cyprus Post