Nobel peace prize is more about western interest than actual work.

OBAMA · Oct 8, 2010 11:26 PM

The Nobel Prize has become a joke since the good part of the last century. So much so that Leo Tolstoy was not nominated for Literature for his contrasting political views even though he is considered the greatest novelist ever. Economist and Banker Muhammed Yunus should have also received another Nobel for Economics along with the Peace one. Speaking of Nobel Peace, Gandhi was not awarded one: Last edited: 09-Oct-10 09:57 AM

mR. hydE · Oct 9, 2010 9:48 AM

His holiness, was awarded one though. But a true Buddhist is one who gives up everything material, be it a throne, or country, for peace. Last edited: 09-Oct-10 10:00 AM

mR. hydE · Oct 9, 2010 9:52 AM

I agree OBAMA. We did not forget yet that you were awarded one last year for not getting a chance to start some wars - proxy or covert operations at some remote foreign nations by October 2009 since you were still transitioning to your new Presidential role.

mR. hydE · Oct 9, 2010 10:16 AM

ha hahaha....well said Mr. Hyde....i am excited to see who gets Nobel for economics this time....Swedish central bank has been centre of criticism lately as it has awarding prizes to the people who has encouraged risk in financial markets. I would like to see risk aversion here. May be, no one from Booth school will be awarded this time.

OBAMA · Oct 9, 2010 2:50 PM

@ OBAMA & Mr. Hyde, - agreed ... there is truth behind U'R claims ... - politics somehow finds its way into everything ... - just had a chit-chat about Y Gandhi should have received the prize ... (wasn't he the one who came up with the idea of non-violent struggle ... ??) - me also waiting for the news abt. Econ. Prize ... BTW :: - Mr. Girija Koirala from Nepal was also nominated for the peace prize ?? - But unfortunately he passed away ... - I don't think the Nobel committee gives out posthumous prizes ...  

black_panther · Oct 9, 2010 4:05 PM

- Nobel Prize for Econ. is out .... 3 share Nobel Prize for research on jobs By Aaron Smith, staff writerOctober 11, 2010: 11:15 AM ET NEW YORK (CNNMoney.com) -- Three economists will share the 2010 Nobel prize for their work on how government policy affects unemployment, the Royal Swedish Academy of Sciences announced on Monday. The Nobel Prize went to Peter Diamond of the Massachusetts Institute of Technology in Cambridge, Mass.; Dale Mortensen of Northwestern University in Evanston, Ill.; and Christopher Pissarides of the London School of Economics and Political Sciences. 128 Email Print Comment The three received the prize for research on how economic policy affects unemployment. Their theories "help us understand the ways in which unemployment, job vacancies, and wages are affected by regulation and economic policy," said the academy in a statement. Earlier this year, Diamond, an expert on tax policy and Social Security, was nominated by President Obama to serve on the board of the Federal Reserve. But Sen. Richard Shelby, R-Ala.,&nbsp;blocked the nomination, saying that Diamond didn't have the experience. "I do not believe he's ready to be a member of the Federal Reserve Board," Shelby said in August. "I do not believe that the current environment of uncertainty would benefit from monetary policy decisions made by board members who are learning on the job." Messages to Shelby's office and the White House were not immediately returned. Pissarides, a British-Cypriot citizen, told the academy that he felt a "mixture of surprise and happiness" upon receiving the honor. The three economists' research focused on so-called "frictions," or impediments to trade, such as misinformation, cost of transportation or the disparity between companies' and employees' needs. <p style="margin-top: 0px; margin-right: 0px; margin-bottom: 20px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; vertical-align: baseline; background-image: initial; background-repeat: initial; background-attachment: initial; -webkit-background-clip: initial; -webkit-backgr

black_panther · Oct 11, 2010 11:13 AM

This choice is more in line with what governments are doing around the world. It seems like a good choice.

OBAMA · Oct 11, 2010 2:54 PM