Quotes by Dale T. Mortensen

About Dale T. Mortensen:

Dale Thomas Mortensen was an American economist. He received his B.A. in economics from Willamette University and his PhD in Economics from Carnegie Mellon University. Born in Enterprise, Oregon, he was a member of the Beta Theta Pi fraternity. He had been on the faculty of Northwestern University since 1965 and a professor of Managerial Economics and Decision Sciences at the Kellogg School of Management since 1980. He was the Niels Bohr Visiting Professor at the School of Economics and Management, Aarhus University, from 2006 to 2010. He was awarded the Nobel Prize in Economics jointly with Christopher A. Pissarides from the London School of Economics and Peter A. Diamond from the Massachusetts Institute of Technology in 2010 "for their analysis of markets with search frictions". In May 2011, Mortensen was awarded an honorary Doctor of Science degree from his alma mater, Willamette University. He was married to Beverly Mortensen, also a Northwestern Professor.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

My co-winners, Peter Diamond and Christopher Pissarides, and I wish to thank the Royal Swedish Academy of Sciences and the Nobel Foundation for this very great honor. We each feel privileged and humbled to be named the winners of the 2010 Sveriges Ri...

Dale T. Mortensen

Every great achievement is but a small peak in the mountain range of contributions.

Dale T. Mortensen

I was a good student with mathematical ability and interests. As such, I took the usual college preparatory program in high school for one looking to become an engineer: all the available courses in mathematics and science.

Dale T. Mortensen

As the future is never known with certainty, the evaluation of the prospective benefits requires the formation of expectations. An acceptable house, partner or job, then, is one that offers an expected stream of future benefit that has a value in exc...

Dale T. Mortensen

Unemployment is 'involuntary' when the price is above its market clearing level. Workers are unemployed because jobs are not available at the prevailing wages, period. The only recourse is to either expand the number of jobs or somehow lower the wage...

Dale T. Mortensen

In response to the drop in wealth suffered as a consequence of the 2008 financial crisis, homeowners and firms did attempt to increase savings in financial assets by reducing expenditure on durables.

Dale T. Mortensen

The 1970s was the decade of developments in the new area of information economics. Search theory, which emphasized the need to gather information, was joined by models that featured asymmetric information, the case in which information differed acros...

Dale T. Mortensen

Economics is a strange science. Our subject deals with some of the most important as well as mundane issues that impinge on the human condition.

Dale T. Mortensen

Over the years, the technology of trade has changed in response to advances in the ability to communicate. From its origins on the streets of Chicago, the Board of Trade moved to a building housing 'trading pits' for the open-outcry exchange by broke...

Dale T. Mortensen

I became a member of the faculty at Northwestern University in 1965 but did not complete my thesis until two years later at a graduate ceremony at which Carnegie Institute of Technology became Carnegie-Mellon University. At Northwestern, I was mentor...

Dale T. Mortensen

I grew up listening to my father argue politics into the night and taking trips every Saturday to the Hood River library where my mother maintained her interest in reading and encouraged the same from her sons.

Dale T. Mortensen

Although labor income is by far the largest component of gross national product, a job is not just a commodity. For many, work is an important reason for living. Even for those who are less fortunate in their allocation of work, being unemployed is a...

Dale T. Mortensen

Author Bio

  • NameDale T. Mortensen
  • DescriptionAmerican economist
  • BornFebruary 2, 1939
  • DiedJanuary 9, 2014
  • CountryUnited States Of America
  • ProfessionEconomist