Dale T. Mortensen
Dale T. Mortensen
Dale Thomas Mortensenwas an American economist and Nobel laureate...
NationalityAmerican
ProfessionEconomist
Date of Birth2 February 1939
CountryUnited States of America
acceptable benefits continue evaluation excess expected future known offers option partner requires stream
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.
academy diamond economic foundation great humbled named nobel peter privileged prize royal sciences swedish thank winners wish
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.
argue encouraged grew hood interest library listening maintained night politics reading river saturday taking trips
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.
although component far fortunate gross income job labor largest less miserable national unemployed work
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.