"It would be extremely frustrating.
And finally, the workers struck by reforms wouldn’t have been left out in the cold.Shortly after the announcement of his Nobel recognition, the chance to influence policy became plentiful for Pissarides.
Things change, and if you know they change, you shouldn't give up. During the years of Margaret Thatcher’s government in the UK, Pissarides saw unemployment soar.
How far can these principles that started with Adam Smith about 250 years ago, and developed over the centuries, take us?
I would never give up on anything that I start, whatever the difficulties,” he declares.
In 2010, he was awarded the Nobel Prize in Economics, jointly with Peter A. Diamond and Dale Mortensen,
"I wouldn’t give up only because someone isn’t listening,” he says.
"It is precisely this principle of not giving up that drove Pissarides to take action in the Eurozone crisis.
From raw materials, the worker not only creates a new object, but also gives it value through the act of their production.It’s not surprising to hear Pissarides speak in a similar fashion about math, where something concrete arises out of an initial distancing from the subject.
That was the task tackled by Christopher Pissarides and his team at the London School of Economics and Political Science (LSE).Pissarides helped develop the concept of the matching function (explaining the flows from unemployment to employment) as part of the wider search theory of the marketplace and ‘frictions’ affecting the forces of supply and demand.
She says he’s always been a true academic, doing his own research regardless of recognition.The hope that something he says might sink in and influence decisions and policies is what keeps Pissarides going.
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