Dale T. Mortensen (2 February 1939 – 9 January 2014) was an American economist. He received the Nobel Memorial Prize in Economic Sciences. He was born on 2 February 1939, in Enterprise, Oregon, US. He got his BA in economics from Willamette University. He earned a Ph.D. from Carnegie Mellon University in Pittsburgh, Pennsylvania. In 1965, he started working at Northwestern University in Evanston, Illinois. He became a professor of managerial economics and decision sciences at Northwestern’s Kellogg School of Management in 1980, and he also directed the university’s social sciences program (1982–84, 1992–2000).
Famous Dale T. Mortensen Quotes
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.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.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.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.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.
