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The Fourth Member of a Great Quartet

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Nobel prizes in economics can be classified as either history prizes or museum prizes.  History prizes identify major turning points in the way that economic problems are conceptualized. Often their award makes news. Museum prizes are more like exhibits or installations. They are designed to showcase technical economics’ relevance to one problem or another, and tell something of how the community has worked together to address it. The prize this year – to Peter Diamond, 70, of the Massachusetts Institute of Technology; Dale Mortensen, 71, of Northwestern University; and Christopher Pissarides (Pissa-ree’-deez), 62, of the London School of Economics, for