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Dale T. Mortensen

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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

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Dale T. Mortensen

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I could bowl really fast and as the years went on I started to develop more skills – I learnt how to swing the ball a little bit, use the crease a little bit more. But I knew what my skill was and that was to run in and bowl fast.

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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.

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April 25, 2024

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.

Previous

April 25, 2024

I could bowl really fast and as the years went on I started to develop more skills – I learnt how to swing the ball a little bit, use the crease a little bit more. But I knew what my skill was and that was to run in and bowl fast.

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