Contributor(s): Professor Sir Christopher Pissarides | The government announced earlier this year that LSE will be one of 12 universities to have the prestigious title of Regius Professor bestowed upon it by The Queen to mark the Diamond Jubilee, with the creation of a new Regius Professor in Economics. A Regius Professorship is a rare privilege, with only two created in the past century; it is regarded as a reflection of the exceptionally high quality of teaching and research at an institution. It is the first Regius Professorship to have been awarded in the field of economics. Christopher Pissarides has been appointed as Regius Professor at LSE. In 2010 he was awarded the Nobel Prize in Economic Sciences for his work with Peter Diamond and Dale Mortensen on the analysis of markets with search frictions.