Dale T. Mortensen Quotes

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
Dale T. Mortensen

Quotes to Explore

This site uses cookies. By continuing to use this website, you agree to our policies regarding the use of cookies.