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Dale T. Mortensen Quotes


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Quotes by Dale T. Mortensen

Showing 1-10 of 12 Quotes by Dale T. Mortensen

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

~Dale T. Mortensen

Topics: Achievement Contributions Every Great Great Achievement Mountain Peak Range Small

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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 excess of the option to continue to search for an even better alternative.

~Dale T. Mortensen

Topics: Acceptable Alternative Benefit Benefits Better Certainty Continue Evaluation Even Excess Expectations Expected Formation Future House Job Known Never Offers Option Partner Prospective Requires Search Stream Then Value

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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

Topics: Assets Attempt Consequence Crisis Did Drop Expenditure Financial Financial Crisis Increase Reducing Response Savings Suffered Wealth

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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

Topics: Condition Deals Economics Human Human Condition Important Issues Most Mundane Our Science Some Strange Subject The Most Important Well

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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 Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.

~Dale T. Mortensen

Topics: Academy Christopher Diamond Each Economic Feel Foundation Great Honor Humbled Memory Named Nobel Peter Privileged Prize Royal Sciences Swedish Thank Very Winners Wish I Wish

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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 brokers representing buyers and sellers.

~Dale T. Mortensen

Topics: Ability Advances Board Broker Building Buyers Changed Chicago Communicate Exchange Housing Moved Origins Over Representing Response Sellers Streets Technology Trade Trading Years

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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

Topics: Above Available Because Clearing Either Expand Involuntary Jobs Level Lower Market Number Only Period Prevailing Price Somehow Unemployed Unemployment Wage Wages Workers

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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 miserable state.

~Dale T. Mortensen

Topics: Allocation Although Being Commodity Component Even Far Fortunate Gross Important Income Job Just Labor Largest Less Living Many Miserable National Product Reason State Those Unemployed Who Work

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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

Topics: Argue Encouraged Every Father Grew Her Hood Interest Library Listening Maintained Mother Night Politics Reading River Same Saturday Sons Taking Trips Up Where

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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

Topics: Ability Available Become College Courses Engineer Good Good Student High High School Interests Looking Mathematical Mathematics Program School Science Student Took Usual

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Biography

Nationality: American

Type: Economist

Born: February 2nd, 1939

Died: January 9th, 2014

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