Friday, September 4, 2015
Dale Mortensen Econ 490
Picture retrieved from http://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/2010/mortensen-facts.html
Dale Mortensen was an American economist with a focus on labor economics. He got his Bachelor's degree from Willamette University and proceeded to get his PhD from Carnegie-Mellon University in Pittsburgh, Pennsylvania. Mortensen ended up becoming a professor at Northwestern in 1965, where he stayed for most of his career. He was also the professor of a graduate student named Lanny Arvan and a member of his dissertation committee.
He won the 2010 Nobel Price in Economic Sciences with Peter Diamond of the Massachusetts Institute of Technology and Christopher Pissaride of the London School of Economics and Political Science. His work evaluated tendencies of the labor market with a focus on unemployment. Many people use his work to to help them understand the labor market as well as other fields.
I have heard Dale Mortensen but have never took the time to learn anything about him until now. It is clear that Mortensen had much influence in the field of Economics. His work in labor economics will remain very influential for a long time. I am sure a lot of what we will learn will involve some of his work.
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Mortensen was the best I ever saw as a member of the audience when somebody else was presenting their research. He had an uncanny knack of seeing through the work into implications that other members of the audience didn't see and sometimes the presenter didn't see either. He was also and incredibly nice guy. Most economists are not as easy to get along with.
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