I thought these Nobel prizes were only given out to leftists. Seems they went Repub on this one. STOCKHOLM â Two Americans and a British-Cypriot economist won the 2010 Nobel economics prize Monday for developing a theory that helps explain why many people can remain unemployed despite a large number of job vacancies. "The laureates' models help us understand the ways in which unemployment, job vacancies and wages are affected by regulation and economic policy," the citation said. Their work resulted in the so-called Diamond-Mortensen-Pissarides model, a frequently used tool to estimate how unemployment benefits, interest rates, the efficiency of employment agencies and other factors can affect the labor market. "One conclusion is that more generous unemployment benefits give rise to higher unemployment and longer search times," the academy said. Diamond, 70, is an economist at the Massachusetts Institute of Technology, and an authority on Social Security, pensions and taxation The Captain has another theory. Corporate America farms out most all the jobs, keeps a few slaves on to do the work of 3 people while cutting wages and benefits. Then create unrealistic job descriptions which nobody can fill, and then claim you can't find qualified people for the vacant positions you really don't want to fill to begin with. Where's my f'n Nobel?